What Lundin Gold Hitting Record High Means for Highlander Silver and Augusta Gold
Lundin Gold (LUG) gained by 14.14% today to a new all-time high of $67.79 per share making it the world's #1 largest gaining producing gold miner in recent years.
LUG has a market cap of $16.43 billion with only one producing gold mine, Fruta del Norte. This makes Fruta del Norte the world's #1 most valuable producing gold mine.
The Lundin Family has been investing big into NIA's Highlander Silver (CSE: HSLV). They believe HSLV's San Luis Project will become the next Fruta del Norte.
HSLV gained by 1.86% today to $2.19 per share and has so far gained by 56.42% since NIA's February 12th suggestion at $1.40 per share!
We can promise you… HSLV is not going to be acquired anytime soon like Augusta Gold (TSX: G).
HSLV is moving from the CSE to the TSX and as soon as they begin drilling it will be trading for $5+ per share.
In January 2019, Sandstorm Gold (SAND) acquired a 0.90% NSR royalty in LUG's Fruta del Norte for US$32.75 million, which would be the equivalent of a 1% NSR royalty being worth US$36.39 million.
Last month, Triple Flag Precious Metals (TFPM) purchased a 1% NSR royalty in AngloGold Ashanti (AU)'s Expanded Silicon for US$250 million.
TFPM is saying that Expanded Silicon has potential to be worth 6.87x more than Fruta del Norte the world's #1 most valuable producing gold mine!
Augusta Gold (TSX: G)'s Reward and Bullfrog Gold Projects are directly adjacent to Expanded Silicon and its market cap is less than US$100 million.
If you owned a gold project with a large gold resource next to Fruta del Norte it would automatically be worth US$500 million plus.
Augusta Gold (TSX: G) is one of the only gold stocks in the world with the potential to rise more this year than Highlander Silver (CSE: HSLV).
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 232,200 shares of G and may purchase more shares. NIA’s President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. This message is meant for informational and educational purposes only and does not provide investment advice.
