Gold, Silver, and Copper Bouncing Big
Gold, Silver, and Copper all hit extreme bottoms yesterday and are beginning to bounce big this morning!
Gold bottomed yesterday at $4,402 per oz and is up to $4,914 per oz this morning.
Silver bottomed yesterday at $71 per oz and is up to $87 per oz this morning.
Copper bottomed yesterday at $5.60 per lb and is up to $6.12 per lb this morning.
Lahontan Gold (TSXV: LG) gained by 7.14% yesterday to $0.225 per share and has a current market cap of only US$57.857 million or US$29.67 per oz of gold resources! Historically, the median North American gold exploration & development company has traded with a median valuation per oz of gold resources equal to 2.77% of the gold price. This would currently be equal to US$136.12 per oz of gold resources, which would value LG at a market cap of US$265.43 million!
Minaurum Silver (TSXV: MGG)'s maiden silver resource estimate of 55.2 million oz AgEq is from only 35,888 meters of drilling, and MGG is already fully funded to drill 50,000 meters in 2026, which means its silver resource is set to grow rapidly throughout all of 2026! Importantly, 63.125% of MGG's resource is silver with the remaining 36.875% being well diversified between four metals… copper, zinc, lead, and gold! At $0.47 per share, MGG has an insanely low market cap of US$174.68 million! Blackrock Silver (TSXV: BRC)'s market cap is US$366.73 million or 2.10x higher than MGG, when only 41.68% of BRC's resource is silver… the rest is gold and BRC converts to "silver equivalent" using a gold/silver ratio of 100 (we are not making this up)! As the gold/silver ratio normalizes back to 16 thereby sending silver to $307 per oz, BRC's AgEq resource could shrink by 50%! Compare this to Minaurum Silver, where the non-silver portion of MGG's resource consists of mostly base metals that are trading at record lows priced in gold! Plus, MGG is already fully permitted for production with community agreements in place! The cost of production in Mexico is less than one-third of the cost to operate an underground mine in Nevada! Look for MGG to surpass BRC in market cap this year! MGG's maiden resource covers only 3 of 26 identified silver vein zones, and these 3 vein zones that MGG is currently focused on remain open along strike and at depth!
NIA's #1 favorite copper stock GSP Resource (TSXV: GSPR) closed yesterday at $0.13 per share where its market cap is only US$4.585 million. Typically, if you have a 43-101 compliant resource directly adjacent to a major producing mine… your market cap starts at $30-$50 million. GSPR's Alwin Mine Project is less than 1.5km from Teck's Highland Valley Copper Mine the largest producing copper mine in all of Canada! GSPR's copper grades are significantly higher than TECK's Highland Valley, and GSPR has also just discovered high-grade gold and silver!
The Enhanced Games backed by billionaires Christian Angermayer and Peter Thiel of Apeiron Investment Group will debut in Las Vegas on May 24th and is currently merging into a SPAC called A Paradise Acquisition Corp (APAD). Its market cap will begin trading in the billions! Imagine where Apeiron Investment Group's Super Copper (CSE: CUPR) will be trading after more investors become aware of it! CUPR's market cap here at $0.93 per share is only USD$26.58 million when it has billionaire backing!
Past performance is not indicative of future results. 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 200,000 shares of LG in the open market and intends to buy more shares. NIA has received US$60,000 cash from GSPR for a six-month marketing contract. NIA has received US$30,000 cash from CUPR for a three-month marketing contract. NIA has received US$50,000 cash from LG for a six-month marketing contract. NIA is receiving compensation from MGG of US$100,000 cash for a twelve-month marketing contract and previously received US$60,000 cash for past marketing contracts which have since expired. This communication is for informational and educational purposes only.