Important NIA Tuesday Morning Update
Gold and silver are continuing to hit new all-time highs this morning!
Many people don’t know this but before Richard Warke became the 3,015th richest person in the world he had a huge problem in 1997 when the Bre-X scandal unfolded. He obviously had nothing to do with Bre-X (although Peter Munk desperately wanted the rights to it), but when Bre-X was exposed as a fraud it caused all Indonesia gold explorers to crash including a company he ran called Golden Bear. At one point, the shares of his Golden Bear crashed by 90%. He could have given up completely and let it go bankrupt. But what did he do? He briefly renamed it Augusta Gold, but because the gold industry continued to spiral downward in 1998 as central banks around the world sold all their gold… his Augusta Gold shares fell to zero. Did he give up? No, he managed to figure out a way to make his investors most of their money back by giving them shares of an oil technology company now called Pulse Seismic (TSX: PSD), which he has nothing to do with today, but it continues to operate as a thriving business. The point is he could have let his investors lose 100% of their investment, but he managed to merge a new company Pulse Seismic into an empty shell giving his investors a valuable business that still operates decades later!
Don’t get fooled by Eric Sprott into buying New Found Gold (TSXV: NFG) or Hycroft Mining (HYMC) or Americas Gold and Silver (TSX: USA). Once a company is worth $2 billion, if it is still generating negative cash flow, it is unlikely to increase significantly in value unless a company acquires it. Nobody will ever want to acquire NFG, HYMC, or USA. However, Richard Warke’s Solaris Resources (TSX: SLS) is likely to get acquired at some point in 2026, most likely by Zijin Mining. So, if you must buy a $2 billion market cap company make it SLS. We will be shorting HYMC at $30 per share.
Copper is up by 1.69% this morning. GSP Resource (TSXV: GSPR) has an NI 43-101 compliant copper resource directly adjacent to Canada’s #1 largest copper mine Highland Valley. We have never in our careers seen a $5 million market cap company that 1) Has an NI 43-101 copper resource, 2) Is continuing to discover high-grade copper, gold, and silver, and 3) Is directly adjacent to a massive copper mine like Highland Valley.
Minaurum Silver (TSXV: MGG) is directly adjacent to a major copper mine in Mexico called the Piedras Verdes copper mine. MGG’s Alamos Silver Project is fully permitted for production and being directly adjacent to Piedras Verdes (which consistently ranks among the largest producing copper mines in Mexico) is huge for MGG because massive infrastructure is already in place!
Highlander Silver (TSX: HSLV), Contango ORE (CTGO), and Minaurum Silver (TSXV: MGG) will be the top gaining silver stocks of the decade.
Past performance is not an indicator of future returns. NIA is not an investment advisor. Always do your own research. NIA’s President has purchased 125,000 shares of HSLV and can buy or sell shares at any time. NIA’s President has purchased 5,000 shares of CTGO in the open market and intends to buy more shares. NIA has received compensation from CTGO of US$80,000 cash for a ten-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. NIA has received compensation from GSPR of US$60,000 cash for a six-month marketing contract. This message is for informational and educational purposes only.
