Triple Flag said the following in today's press release announcing their CAD$421M acquisition of NIA's Orogen Royalties (TSXV: OGN):
"Separately, Triple Flag has a 0.5% to 5.5% NSR royalty on the Bullfrog project located six kilometers west of Beatty and operated by Augusta Gold Corp. As of December 31, 2021, measured and indicated resources at Bullfrog totaled 71 million tonnes at a grade of 0.53 g/t Au containing 1.2 million ounces. Inferred resources totaled 17 million tonnes at a grade of 0.48 g/t Au containing 0.3 million ounces. Bullfrog is currently envisioned as a heap leach operation and a pre-feasibility study is being advanced."
They know what's up... Augusta Gold (TSX: G) buyout would have already happened months ago if it was a private company but because it is public and investors are stupid, we need to wait for share price to increase first so that the premium isn't too large.
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 232,200 shares of G and may purchase more shares. This message is meant for informational and educational purposes only and does not provide investment advice.
Preparing Americans for Hyperinflation
