Lahontan Gold (TSXV: LG) Gains 21.21% to $0.20 and Already Up 100% Since Release of NIA Report
Six days ago, NIA said, "Lahontan Gold (TSXV: LG) is the Nevada gold explorer with most upside potential."
Exactly one week ago, NIA said, "Lahontan's CEO told us she believes her assets are better than both Augusta Gold and Borealis Mining (TSXV: BOGO) and in some ways we agree."
On October 3rd, NIA said, "Lahontan Gold (TSXV: LG) on paper is the most undervalued gold explorer with the best numbers: high grade oxide gold, low strip ratio, little/no royalties, etc."
Exactly three weeks ago, NIA said, "Lahontan Gold (TSXV: LG) owner of the Santa Fe Gold Project in Nevada (ranked the #2 best mining jurisdiction worldwide) trades at only ~$15 per oz."
Lahontan Gold (TSXV: LG) gained by 21.21% today to a new 29-month high of $0.20 per share!
LG has so far gained by 100% since NIA published its Lahontan Gold (TSXV: LG) report two months ago at $0.10 per share, but LG's market cap is still only US$20.92 per oz of gold resources at its flagship Santa Fe Gold Project! This is equal to only 0.502% of gold's current spot price of $4,164 per oz!
Over the last 25 years, North American gold explorers/developers have traded at a median enterprise value per oz of gold resources of 2.77% of the gold spot price!
A return to the long-term median would value LG's gold resources at US$115.34 per oz, which is 5.51x above LG's current valuation!
Click here to read NIA's Lahontan Gold (TSXV: LG) report!
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 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 previously received compensation from BOGO of US$100,000 cash for a twelve-month marketing contract which has expired but NIA could receive additional compensation for additional contracts in the future. This message is meant for informational and educational purposes only and does not provide investment advice.
