We Hope Our #1 Overall Pick Augusta Gold (TSX: G) Dips to $0.60 Before Surpassing $5

We hope our #1 overall pick Augusta Gold (TSX: G) dips to $0.60 per share so that NIA's President can double his position before it rises to $5+ per share.

Of course, we are only dreaming because when GDXJ gains by 2% on a day gold is down it means gold stocks are about to explode.

It is possible G is being naked shorted like our #3 overall pick Power Nickel (TSXV: PNPN) was and a massive short squeeze could be imminent.

McEwen Mining (MUX) paid US$20 million for Timberline Resources (TSXV: TBR) directly adjacent to North Peak Resources (TSXV: NPR) for the synergies between TBR's Lookout Mountain and MUX's Gold Bar Mine.

TBR's Lookout Mountain contains about 400,000 oz of low-grade heap leachable gold resources and is 35 miles away from MUX's Gold Bar Mine. It isn't a fully permitted project and TBR hasn't started the process of obtaining permitting.

MUX paid $50 per oz of low-grade heap leachable gold resources located 35 miles away from its Gold Bar Mine for its synergies.

Augusta Gold (TSX: G)'s Bullfrog is 2 miles away from AngloGold Ashanti (AU)'s North Bullfrog.

The cost to truck the ore an extra 33 miles could be $150 per oz.

If G wanted to, they could immediately sell their assets to AU today for $200 per oz.

G has 1.92 million oz of heap leachable gold resources in the #1 largest new gold district in the U.S. located in Beatty, Nevada!

G's market cap is only $33 per oz of heap leachable gold resources and most of it is only 2 miles away from North Bullfrog!

G's Reward Project is about 5 miles away from North Bullfrog, but it is fully permitted and probably worth $300 per oz!

The BLM meetings for AU's construction of the North Bullfrog Gold Mine start tomorrow night! Click here to see!

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. 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. NIA has received compensation from PNPN of US$50,000 cash for a six-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.