{"id":10604,"date":"2020-07-14T21:41:00","date_gmt":"2020-07-15T01:41:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=10604"},"modified":"2026-09-29T14:40:51","modified_gmt":"2026-09-29T18:40:51","slug":"fiore-gold-closes-at-new-record-high","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/technicals\/fiore-gold-closes-at-new-record-high\/","title":{"rendered":"Fiore Gold Closes at New Record High of $1.48"},"content":{"rendered":"\n

For the last 20 consecutive months<\/strong>, NIA’s #1 favorite producing<\/span> gold miner<\/span><\/strong> has consistently<\/strong><\/span> been Fiore Gold (TSXV: F)<\/strong>. Unbelievably, when NIA first suggested Fiore Gold<\/strong> as its #1 overall stock suggestion for 2019<\/strong><\/span> on November 22, 2018 at $0.23 per share<\/strong>, it was trading with a market cap<\/strong> of only US$17.03 million<\/strong>. At that time, Fiore<\/strong> had US$7.185 million<\/strong> in cash<\/strong><\/span> and no debt<\/strong><\/span>, giving it an enterprise value<\/strong> of only US$9.841 million<\/strong>. Including inventories of ore<\/strong> already placed on<\/strong><\/span> Fiore’s leach pads<\/strong>, it had working capital<\/strong><\/span> of US$17.345 million<\/strong> or $0.234 per share<\/strong>.<\/span><\/span><\/p>\n\n

With Fiore<\/strong> trading on November 22, 2018 for less than<\/strong><\/span> working capital<\/strong><\/span>, NIA saw astronomical upside potential<\/strong><\/span> and absolutely no downside risk<\/strong><\/span>. Between Fiore’s Pan Mine<\/strong> and adjacent <\/strong><\/span>Gold Rock Project<\/strong>, the company had a total measured & indicated gold resource<\/span><\/strong> of 672,700 oz<\/strong><\/span> that it was receiving absolutely no value<\/strong><\/span> for. NIA explained in its initial Fiore Gold report<\/strong> that every single profitable<\/span> gold miner<\/span><\/strong> that NIA followed besides<\/strong><\/span> Fiore Gold<\/strong> was receiving at least<\/span> $100 per oz<\/span><\/strong> in value for its measured & indicated gold resources<\/span><\/strong>. Therefore, NIA said that Fiore<\/strong> immediately deserved to be trading<\/strong><\/span> with a minimum<\/strong><\/span> market cap<\/strong> of US$67.27 million<\/strong> on top<\/strong><\/span> of its working capital<\/strong><\/span> of US$17.345 million<\/strong>, which would equal US$84.615 million<\/strong> for a share price<\/strong> of $1.14<\/strong>. NIA was 100% sure<\/strong><\/span> that Fiore<\/strong> would rise<\/strong><\/span> to a minimum<\/strong><\/span> of $1.14 per share<\/strong> and made the company its first ever confidence rating of 100 pick<\/strong><\/span>!<\/span><\/span><\/p>\n\n

Since NIA’s initial suggestion, Fiore<\/strong> has increased<\/strong><\/span> its working capital<\/strong><\/span> for seven consecutive quarters<\/strong> by a total of 65.52%<\/strong><\/span> to a current level as of March 31, 2020 of US$28.71 million<\/strong>, which is equal to $0.3985 per share<\/strong>. Fiore<\/strong> has also increased<\/strong><\/span> its total Pan+Gold Rock measured & indicated gold resource<\/span><\/strong> by 27.13%<\/strong><\/span> to 835,000 oz<\/strong><\/span>.<\/span><\/span><\/p>\n\n

A valuation for Fiore Gold<\/strong> today of US$100 per oz<\/strong><\/span> would be US$83.5 million<\/strong> on top<\/strong><\/span> of its working capital<\/strong><\/span> of US$28.71 million<\/strong>, which would equal US$112.21 million<\/strong> for a share price<\/strong> of $1.56<\/strong>. Fiore Gold<\/strong> closed today at a new all-time high<\/strong><\/span> of $1.48 per share<\/strong> for a gain of 543.48%<\/strong><\/span> from NIA’s initial suggestion price of $0.23<\/strong>!<\/span><\/span><\/p>\n\n

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. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.<\/i><\/span><\/span><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

For the last 20 consecutive months, NIA’s #1 favorite producing gold miner has consistently been Fiore Gold (TSXV: F). Unbelievably, when NIA first suggested Fiore Gold as its #1 overall stock suggestion for 2019 on November 22, 2018 at $0.23 per share, it was trading with a market cap of only US$17.03 million. At that […]<\/p>\n","protected":false},"author":1,"featured_media":10605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[319,9],"class_list":["post-10604","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technicals","tag-f","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10604","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=10604"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10604\/revisions"}],"predecessor-version":[{"id":10606,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10604\/revisions\/10606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/10605"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=10604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=10604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=10604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}