Rob McEwen is a crazy smart guy. When he ran Goldcorp, he came up with the idea to crowd source the discovery of gold and offered a $500,000 prize to whoever could tell him where to drill on their property for gold. By offering $500,000 in prize money, the Goldcorp Challenge discovered $6 billion worth of gold and Goldcorp got acquired for $10 billion.
Now, McEwen is betting big on the Prospect Mountain of Eureka, Nevada, a mountain full of some of Nevada's highest grades of gold...
If McEwen is paying a 133% premium to acquire Timberline Resources (TSXV: TBR) for their flagship Eureka project directly adjacent to North Peak Resources (TSXV: NPR)'s higher quality past producing Prospect Mountain Mine Complex... imagine how much he may offer to acquire NPR a few months from now after they confirm and expand the high-grade gold deposits on their property!
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'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.
Preparing Americans for Hyperinflation
