Important NIA Friday Evening Update
Highlander Silver (TSX: HSLV) raised another C$8,737,500 today when the underwriters exercised over-allotment clause bringing the total raised at $3.75 per share to C$94,987,500. Even if we see a larger more prolonged dip in gold/silver, HSLV is very well prepared for it and won’t need to raise any money at artificially low share prices in the future.
Minaurum Gold (TSXV: MGG) hasn’t yet reached its mid-2020 market cap and seems very cheap here. We consider HSLV to be a high-grade gold explorer therefore MGG is the only silver explorer we believe in. They have a very legit real project at Alamos.
Viva Gold (TSXV: VAU) we expect Kinross Gold (KGC) to consider acquiring in the future hopefully at a large premium. VAU has a much higher chance of being developed than the adjacent Blackrock Silver (TSXV: BRC).
North Peak Resources (TSXV: NPR) has a “waste pile” (with potential to be higher grade than the stockpile BOGO has been processing) of material on their site that they drilled last month, and assays will be back soon. They should be able to process this material and generate revenue from it to limit dilution. NPR has historically traded totally on its own with no real connection to GDX or GDXJ. If their current drilling program intercepts high-grade gold in Nevada, we expect NPR to perform well regardless of what other gold/silver stocks do.
Lahontan Gold (TSXV: LG) is so undervalued that even if the price of gold declines dramatically as long as the gold resource valuation multiple of North American explorers & developers returns to its long-term median equal to 2.77% of the gold price LG should do well.
Contango ORE (CTGO) is the only producing gold miner owned by GDX or GDXJ that we consider to be extremely undervalued, and we hope it dips more so we can accumulate more shares.
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 125,000 shares of HSLV and can buy or sell shares at any time. 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 NPR of US$50,000 cash for a six-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA’s President has purchased 200,000 shares of LG in the open market and intends to buy more shares. NIA has received compensation from LG of US$30,000 cash for a three-month marketing contract. NIA’s President has purchased 100,000 shares of VAU and may buy more shares or sell his shares at any time. NIA has received compensation from CTGO of US$30,000 cash for three months of coverage and could receive a total of up to US$80,000 cash for ten months of coverage. NIA’s President has purchased 1,000 shares of CTGO in the open market and intends to buy more shares. NIA has received US$30,000 cash from MGG for a three-month marketing contract and previously received US$30,000 for a prior contract. This message is meant for informational and educational purposes only and does not provide investment advice.
