Huge NIA Monday Evening Update: One of NIA’s Biggest Days in History
Newmont (NEM) today agreed to pay Barrick (B) $1.95 billion in cash to add Fourmile to the Nevada Gold Mines Joint Venture, which is 38.5% owned by Newmont and 61.5% owned by Barrick. This transaction valued Fourmile at only US$5.065 billion when analysts estimate Fourmile to be worth $10-$20 billion. Because of this, Newmont gained by 3.79% today vs. Barrick declining by 6.45%. Based on the market reaction, we can pretty much infer a market value for Fourmile of $15 billion. Today’s settlement gives Barrick the greenlight for its North American IPO before year-end, which will make Fourmile a household name across America.
Westward Gold (CSE: WG) has a market cap here at $0.185 per share of only US$31.21 million when their SSD Zone is directly adjacent to Fourmile with the same geophysical signatures. WG already knows for a fact that high-grade gold exists in the SSD Zone near the same depths as where Barrick discovered Fourmile. They have spent the last three years completing extensive multi-disciplinary groundwork, including systematic 1:5000 scale Anaconda-style surface mapping, re-logging of thousands of meters of historical core and RC chips, and a 468-meter surface trenching program that exposed high-angle faults and returned high-grade assays up to 17.90 g/t Au. WG has also done airborne magnetic, gravity, and CSAMT geophysical surveys alongside surface geochemistry and 3D geological modeling to target high-priority extensions at depth and figure out where it is likely that enough high-grade gold has pooled together in the same spot to form a Fourmile-like high-grade gold deposit.
NIA’s latest brand-new gold stock suggestion Xali Gold (TSXV: XGC) gained by 4.17% today to $0.25 per share and has an insanely low market cap of only US$30.22 million when they recently acquired Pico Machay from Pan American Silver (PAAS), one of Peru’s most advanced gold projects with near-term production potential. Prior to XGC acquiring Pico Machay, PAAS had it listed on their reserves/resources page. Only because of XGC acquiring Pico Machay from PAAS is the project’s total resources of 710,000+ oz considered historical and must be confirmed to become NI 43-101 compliant. Because these historical resources are based on a low gold price of $700 per oz with a high cut-off, it is possible they could increase significantly when XGC publishes its future maiden resource estimate, even prior to XGC making new gold discoveries.
NIA’s #1 favorite overall stock suggestion Saga Metals (TSXV: SAGA) gained by 1.89% today to $0.54 per share and has a market cap of only US$40.87 million vs. Empire Metals (LSE: EEE) having a market cap of US$491.96 million. SAGA released very strong drilling results again today and has created more shareholder value in recent months than any other stock we follow. As the TSX Venture Composite Index continues to rise, the shareholder value that SAGA has already created will begin to get priced in. EEE closed today at a new 10-month high, and for SAGA to close at a new 10-month high it will need to surpass $0.98 per share. When SAGA hit $0.98 per share in January, it hadn’t even announced its deal to acquire the Wolverine Heavy Rare Earth Project, where drilling begins in the upcoming days!
First Mining Gold (TSX: FF) gained by 5.41% to $0.78 per share, its highest close since receiving EA Approval for the Springpole Gold Project in Ontario. FF is rapidly approaching its nine-year high reached in January of $0.86 per share!
Lahontan Gold (TSXV: LG) gained by 12.06% to $0.395 per share and is one of the other stocks we featured in our March report as ranking among the world’s most undervalued gold stocks alongside First Mining Gold!
Nevgold (TSXV: NAU) gained by 11.11% to $1.90 per share and owns one of the only two NI 43-101 compliant antimony/gold resources in the United States!
Homeland Nickel (TSXV: SHL) gained by 10% to $0.44 per share and should have drill permits in hand shortly to begin confirming the largest undeveloped historical nickel resource in the continental United States at Cleopatra!
Super Copper (CSE: CUPR) gained by 5.88% today to $0.54 per share and will begin to release assay results in the weeks ahead! This is billionaire Christian Angermayer’s brand-new company!
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 has received compensation from WG of US$60,000 cash for a six-month marketing contract. NIA is receiving compensation from XGC of US$75,000 cash for a six-month marketing contract. NIA has received compensation from SAGA of US$100,000 cash for a twelve-month marketing contract. NIA has received compensation from FF of US$100,000 cash for a twelve-month marketing contract and previously received US$50,000 cash for a six-month marketing contract which has since expired. NIA has received compensation from LG of US$50,000 cash for a six-month marketing contract. 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 NAU of US$100,000 cash for a twelve-month marketing contract. NIA is receiving compensation from SHL of US$75,000 cash for a six-month marketing contract. NIA’s President has purchased 20,000 shares of SHL and intends to buy more shares. NIA has received US$50,000 cash from CUPR for a six-month marketing contract and previously received US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.