NIA is extremely pleased about how it announced Idaho Champion Gold (CSE: ITKO) as its new gold stock suggestion on April 2nd at 3:15PMEST at a price of $0.085 per share and it hit a new 52-week high this morning of $0.21 per share for a gain of 147% in seven trading days! At the time of NIA's April 2nd ITKO alert at $0.085 per share it had an initial market cap of CAD$5.426 million or USD$3.9 million and was completely undiscovered despite discovering near-surface, high-grade gold in a Top 10 mining jurisdiction.
On Monday, March 16, 2020, NIA called a bottom in gold mining stocks and sent out an alert saying, "We believe gold miners bottomed on Friday (March 13th) and will make a major upward explosion in the upcoming weeks while the rest of the market falls another 40%."
NIA was 100% right! VanEck Vectors Junior Gold Miners ETF (GDXJ) closed on Friday, March 13th at $22.17 per share and has since gained by 77.13% to a current price today of $39.27 per share. In comparison, the S&P 500 finished March 13th at 2,711.03 and didn't begin to bounce until March 23rd after it declined another 17.47% to a March 23rd close of 2,237.41. From March 13th through today, GDXJ has gained 15.80X more than the S&P 500!
NIA is extremely excited to announce Metals Creek (TSXV: MEK) as its new gold stock suggestion. MEK has 74,865,268 shares outstanding and currently at $0.045 per share it has a market cap of CAD$3.369 million or USD$2.422 million. NIA is extremely confident about MEK here at $0.045 per share because of the company's two major agreements with the world's largest gold mining company Newmont Mining (NEM). Today, NEM hit a new 52-week high and currently has a market cap of $48.37 billion!
MEK owns 50% of the Ogden Gold Property in a 50/50 joint venture with NEM. MEK is the operator of Ogden, which covers over 8km of strike length on the Porcupine-Destor Break. Other gold projects adjacent to Ogden on the Porcupine-Destor Break have achieved total gold production of 22 million oz! Ogden is located 8km west of and along strike from Newmont/Goldcorp's Dome Mine Complex, which produced over 17 million oz of gold!
Since 2009, MEK has conducted 20,698m of diamond drilling at Ogden and has made many high grade gold discoveries! In 2013, MEK's Ogden drill hole TOG 13-25 intercepted 210.19 g/t gold over 12.53m for 2,634 grammeters of gold! This was one of the most impressive drill intercepts we have ever seen any gold explorer make in history, but because MEK made this discovery in 2013 during a gold bear market it went totally unnoticed! If a gold explorer in today's gold bull market intercepted 210.19 g/t gold over 12.53m you would probably see it rise immediately to a $50-$100 million market cap.
MEK in 2019 entered into an additional new agreement with NEM, where MEK will now be earning a 100% interest in Dona Lake, a high-grade past producing gold mine! Between 1989 and 1994, Dona Lake operated as an underground gold mine producing a total of 246,500 oz of gold at an average grade of 7.44 g/t gold!
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 ITKO of USD$30,000 cash for a six-month marketing contract. NIA has received compensation from MEK of USD$30,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.