When the NASDAQ failed to hit a new all-time high in late-2000 and had its second straight down month in October 2000 it was the exact bottom for the HUI gold miners index. Over the following 24 months as the NASDAQ crashed by 80%, the HUI gold miners index gained by 271%. Relative to gold prices, the HUI gold miners index is more undervalued today than it was in October 2000.
Nevada King Gold (TSXV: NKG) is the only small-cap gold explorer in Nevada that has been drilling for over two years straight and has 129 drill holes with pending results to soon be announced with four rigs continuing to drill today.
Augusta Gold (TSX: G) is the best Nevada development play and the only small-cap gold explorer in Nevada that can realistically bring its projects into production in the short-term as valuations begin to rise from these extreme lows.
North Peak Resources (TSXV: NPR) is about to begin drilling in the Eureka District the second largest newly discovered gold district in Nevada after Augusta Gold's Beatty District.
All three companies have management teams that have created multiple billion-dollar market cap companies.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has received compensation from NKG of US$60,000 cash for a twelve-month marketing contract. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. NIA's President has purchased 60,000 shares of NPR in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.