TSX Venture Hits New 35-Month High, Many 5 and 10-Baggers Are Ahead

The TSX Venture Composite Index has just hit a new 35-month high of 676.43 and we are likely to see many 5 and 10-baggers in the upcoming months.

Artemis Gold (TSXV: ARTG) is the first gold developer to become a 20-bagger this cycle, but it’s very possible (if not likely) that a few months from now, Augusta Gold (TSX: G) will be up by an even larger percentage than ARTG.

Osisko Development (ODV) is probably the closest comparison to ARTG, but Sean Roosen who is very smart and successful likes to recklessly print shares at inopportune times. This is why Augusta Gold (TSX: G) Executive Chairman Richard Warke is a billionaire and Sean Roosen isn’t. Augusta doesn’t recklessly print shares at the wrong times.

If you bought ODV too early a few years ago you got destroyed. In our opinion, ODV will likely rise back to $3-$4 per share, but there are so many new shares that have been printed at low prices… ODV won’t gain anywhere close to Augusta Gold (TSX: G).

Borealis Mining (TSXV: BOGO) needs to produce positive cash flow from its production beginning on June 9th and it will be revalued. We believe they will and it will do very well.

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 has received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.