{"id":11057,"date":"2020-09-27T23:10:00","date_gmt":"2020-09-28T03:10:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=11057"},"modified":"2026-10-28T14:27:02","modified_gmt":"2026-10-28T18:27:02","slug":"nia-releases-full-top-5-picks-list","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/nia-releases-full-top-5-picks-list\/","title":{"rendered":"NIA Releases Full Top 5 Picks List"},"content":{"rendered":"\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA is excited to release its <span style=\"color:#27ae60;\">Full Top 5 Picks List<\/span> for between now and year-end 2020:<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA&#8217;s <span style=\"color:#27ae60;\">#1 Overall Pick<\/span> for Remainder of 2020<\/strong>:<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group, Inc. (TSX: E)<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Originally Announced as <span style=\"color:#27ae60;\"><strong>#1 Pick<\/strong><\/span> on September 18th<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Announcement Price: <strong>$0.16 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Current Price: <strong>$0.26 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">% Change so far: <span style=\"color:#27ae60;\"><strong>+62.5%<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Shares Outstanding: <strong>49.8 million<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Market Cap: <b>$12.95 million (USD$9.68 million)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Cash: <span style=\"color:#27ae60;\"><strong>$1.3 million<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Debt: <span style=\"color:#e74c3c;\"><strong>$11.37 million <\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Enterprise Value: <strong>$23.02 million<\/strong> <strong>(USD$17.2 million)<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group <\/strong>provides <strong>specialized equipment and services<\/strong> in the <strong><span style=\"color:#27ae60;\">build out<\/span> <\/strong>of<strong> infrastructure<\/strong> for the <strong>energy<\/strong>, <strong>pipeline<\/strong>, and <strong>infrastructure construction<\/strong> <strong>industries<\/strong>. The innovation and expertise of their operating companies have distinguished them as <span style=\"color:#27ae60;\"><strong>&ldquo;best in class&rdquo;<\/strong><\/span> to their <strong><span style=\"color:#27ae60;\">many multibillion dollar<\/span> clients<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group<\/strong> has <strong><span style=\"color:#27ae60;\">repurchased<\/span> 1.18 million shares<\/strong> so far in 2020, after <span style=\"color:#27ae60;\"><strong>repurchasing<\/strong><\/span> <strong>4.17 million shares<\/strong> in 2019, <strong>0.37 million shares<\/strong> in 2018, and <strong>0.13 million shares<\/strong> in 2017. <b><i>All together, Enterprise has <span style=\"color:#27ae60;\">repurchased<\/span> 5.85 million shares since 2017, thereby <span style=\"color:#e74c3c;\">reducing <\/span>their shares outstanding by <span style=\"color:#e74c3c;\">10.512%<\/span>.<\/i><\/b> <b>Insiders<\/b> have also been <strong><span style=\"color:#27ae60;\">buying big<\/span> <\/strong>in the<strong> open market<\/strong> and have <strong><span style=\"color:#27ae60;\">purchased<\/span> 690,000 shares<\/strong> of <strong>Enterprise stock<\/strong> in 2020. <strong>Insiders<\/strong> now <span style=\"color:#27ae60;\"><strong>own<\/strong><\/span> <strong>19.45 million shares<\/strong> or <strong><span style=\"color:#27ae60;\">39.05%<\/span> of E&#8217;s <\/strong>remaining<strong> shares outstanding <\/strong>of<strong> 49.8 million<\/strong>. This gives <strong>Enterprise<\/strong> a <strong><span style=\"color:#e74c3c;\">very small<\/span> public float<\/strong> of <strong>30.35 million shares<\/strong> currently worth <span style=\"color:#27ae60;\"><b>only $7.891 million<\/b> <strong>(USD$5.896 million)<\/strong><\/span>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><b>Enterprise Group&#8217;s <span style=\"color:#27ae60;\">100% owned<\/span> Artic Therm <\/b>subsidiary <strong><span style=\"color:#27ae60;\">owns a fleet of over 200<\/span> portable flameless heat units<\/strong> with <strong><span style=\"color:#27ae60;\">output<\/span> of between 500,000 and 3.3 million BTUs<\/strong> used in remote locations for a variety of applications. <b>Enterprise Group&#8217;s <span style=\"color:#27ae60;\">100% owned<\/span> Hart Oilfield Rentals <\/b><span style=\"color:#27ae60;\"><strong>owns a conventional and modular\/combo rental equipment fleet of approximately 2,500 <\/strong><\/span><strong>pieces of equipment <\/strong>designed to provide <strong>on-site infrastructure<\/strong>. <b>Enterprise Group&#8217;s <span style=\"color:#27ae60;\">100% owned<\/span> WESTAR Oilfield Rentals <span style=\"color:#27ae60;\">owns a fleet of more than 500 <\/span><\/b><strong>pieces of equipment<\/strong><b> <\/b>and is a <strong><span style=\"color:#27ae60;\">highly-regarded full-service<\/span> oilfield site infrastructure company<\/strong> that fulfills multiple equipment rental needs.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group<\/strong> has a <strong><span style=\"color:#27ae60;\">well-diversified<\/span> client base<\/strong> across a variety of industries including <strong>oil\/natural gas exploration &amp; production<\/strong>, <strong>infrastructure construction<\/strong>, <strong>agriculture\/farming<\/strong>, and <strong><span style=\"color:#f1c40f;\">gold <\/span>exploration &amp; mining<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group<\/strong> has <strong><span style=\"color:#27ae60;\">many multibillion dollar publicly traded<\/span> clients<\/strong> including: <strong>Tourmaline Oil (TRMLF)<\/strong>: <span style=\"color:#27ae60;\"><strong>$3.38 billion<\/strong><\/span> market cap, <strong>Cenovus Energy (CVE)<\/strong>: <span style=\"color:#27ae60;\"><strong>$4.767 billion<\/strong><\/span> market cap, <strong>Canadian Natural Resources (CNQ)<\/strong>: <span style=\"color:#27ae60;\"><strong>$19 billion <\/strong><\/span>market cap, <strong>Sinopec (SHI)<\/strong>: <span style=\"color:#27ae60;\"><strong>$4.18 billion<\/strong><\/span> market cap, <strong>Suncor Energy (SU)<\/strong>: <span style=\"color:#27ae60;\"><strong>$18.893 billion<\/strong><\/span> market cap, and <strong>Husky Energy (HUSKF)<\/strong>: <span style=\"color:#27ae60;\"><strong>$2.333 billion<\/strong><\/span> market cap. Another <strong>Enterprise client<\/strong> is <strong>Ledcor<\/strong> one of <strong>Canada&#8217;s <span style=\"color:#27ae60;\">largest<\/span> private construction companies<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group <\/strong><b><span style=\"color:#27ae60;\">owns $78 million<\/span> <\/b>in <b>property, plant, and equipment (<\/b>at cost)<b> <\/b>or<b> <span style=\"color:#27ae60;\">$46.352 million<\/span> <\/b>after<b> <span style=\"color:#e74c3c;\">depreciation<\/span><\/b>. The company has <strong>shareholder equity<\/strong> of <span style=\"color:#27ae60;\"><strong>$38.809 million<\/strong><\/span> for a <strong>book value<\/strong> of <span style=\"color:#27ae60;\"><strong>$0.779 per share<\/strong><\/span> of which <span style=\"color:#27ae60;\"><strong>$0.778 per share<\/strong><\/span> is <span style=\"color:#27ae60;\"><strong>tangible<\/strong><\/span>.<b> Enterprise <\/b>is trading with a<b> price\/tangible book value ratio <\/b>of only<b> 0.33<\/b>. The <span style=\"color:#27ae60;\"><strong>main reason<\/strong><\/span> for <strong>Enterprise<\/strong> trading <span style=\"color:#e74c3c;\"><strong>67% below <\/strong><\/span>its <strong><span style=\"color:#27ae60;\">tangible <\/span>book value<\/strong> is the company&#8217;s <strong><span style=\"color:#e74c3c;\">unhealthy<\/span> current ratio<\/strong> (current assets\/current liabilities) of <strong>0.51<\/strong>. <em><strong>Sometime between Monday and Wednesday of this week, we expect the company to announce a <span style=\"color:#27ae60;\">new long-term lending agreement<\/span> with PNC Bank Canada, which will <span style=\"color:#e74c3c;\">greatly reduce<\/span> its <span style=\"color:#e74c3c;\">current liabilities<\/span> and give the company <span style=\"color:#27ae60;\">positive working capital<\/span> and a <span style=\"color:#27ae60;\">very healthy<\/span> current ratio, which we believe will allow it to immediately begin trading <span style=\"color:#27ae60;\">much closer<\/span> to book value.<\/strong><\/em><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Enterprise Group&#8217;s average <span style=\"color:#27ae60;\">equity raise<\/span><\/strong> has been at a price of <strong>$1.436 per share<\/strong> and the company has <strong><span style=\"color:#e74c3c;\">never<\/span> <span style=\"color:#27ae60;\">raised capital<\/span><\/strong> at <strong><span style=\"color:#e74c3c;\">less than<\/span> $0.40 per share. <em>It <span style=\"color:#e74c3c;\">won&#8217;t<\/span> take much volume for E to <span style=\"color:#27ae60;\">reach <\/span>$0.40+ per share.<\/em><\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA&#8217;s <span style=\"color:#27ae60;\">#2 Overall Pick<\/span> for Remainder of 2020<\/strong>:<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Silver Viper Minerals (TSXV: VIPR)<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Originally Announced as <span style=\"color:#27ae60;\"><strong>#2 Pick<\/strong><\/span> on September 18th<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Announcement Price: <strong>$0.66 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Current Price: <strong>$0.56 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">% Change so far:<b><font color=\"#0b0196\"> <\/font><span style=\"color:#e74c3c;\">-15.15%<\/span><\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Shares Outstanding:<b> 73.04 million<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Market Cap: <b>$40.9 million (USD$30.56 million)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Cash: <span style=\"color:#27ae60;\"><strong>$5.072 million<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Debt: <span style=\"color:#e74c3c;\"><strong>$0<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Enterprise Value: <strong>$35.828 million<\/strong> <strong>(USD$26.77 million)<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><b>VIPR&#8217;s<\/b> <strong>La Virginia <\/strong>in Sonora, Mexico is a <span style=\"color:#27ae60;\"><strong>high quality<\/strong><\/span> <strong><span style=\"color:#4e5f70;\">silver<\/span>\/<span style=\"color:#f1c40f;\">gold<\/span> project<\/strong> and we are looking forward to the company defining its <span style=\"color:#27ae60;\"><strong>maiden resource<\/strong><\/span> by year-end 2020. The <strong>previous operator <\/strong>of <strong>La Virginia <span style=\"color:#27ae60;\">drilled<\/span> 188 drill holes<\/strong> totaling <strong>52,635m<\/strong> in 2010-2012. <strong>VIPR <span style=\"color:#27ae60;\">drilled <\/span>20 drill holes<\/strong> totaling <strong>4,753m<\/strong> in 2018 and is currently conducting its <strong>Phase 2 drilling campaign<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>VIPR&#8217;s 2018 drilling program<\/strong> <span style=\"color:#27ae60;\"><strong>discovered<\/strong><\/span> <strong>El Rubi<\/strong>, located <strong>5 kms north<\/strong> of the <strong><span style=\"color:#27ae60;\">main area<\/span> <\/strong>of<strong> historical exploration<\/strong> by Pan Am and Minefinders. Recent <span style=\"color:#27ae60;\"><strong>high grade intercepts<\/strong><\/span> include: <strong>LV20-219<\/strong>; <span style=\"color:#f1c40f;\"><strong>5.56 g\/t Au<\/strong><\/span> and <span style=\"color:#4e5f70;\"><strong>1,584 g\/t Ag<\/strong><\/span> over 0.5m (downhole), <strong>LV20-218<\/strong>; <span style=\"color:#f1c40f;\"><strong>22.6 g\/t Au<\/strong><\/span> and <span style=\"color:#4e5f70;\"><strong>1,431 g\/t Ag<\/strong><\/span> over 3.0m (downhole), <strong>LV20-217<\/strong>; <span style=\"color:#f1c40f;\"><strong>15.55 g\/t Au<\/strong><\/span> and <span style=\"color:#4e5f70;\"><strong>1,436 g\/t Ag<\/strong><\/span> over 2.0m (downhole), <strong>LV20-215<\/strong>; <span style=\"color:#f1c40f;\"><strong>196.3 g\/t Au<\/strong><\/span> and<span style=\"color:#4e5f70;\"><strong> 984 g\/t Ag<\/strong><\/span> over 0.5m (downhole), and <strong> LV19-211<\/strong>; <span style=\"color:#f1c40f;\"><strong>58.3 g\/t Au<\/strong><\/span> and <span style=\"color:#4e5f70;\"><strong>1,923 g\/t Ag<\/strong><\/span> over 1m (downhole). <\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>VIPR<\/strong> has just <span style=\"color:#27ae60;\"><em><strong>discovered<\/strong><\/em><\/span> a <strong><span style=\"color:#27ae60;\">new broad zone<\/span> of mineralization<\/strong> representing a <strong>second major lode<\/strong> at <strong>El Rubi<\/strong> in hole <b>LV20-245<\/b> with <span style=\"color:#f1c40f;\"><strong>0.76 g\/t Au<\/strong><\/span> and <span style=\"color:#4e5f70;\"><strong>38 g\/t Ag<\/strong><\/span> over 110.5m (downhole).<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA&#8217;s <span style=\"color:#27ae60\">#3 Overall Pick<\/span> for Remainder of 2020<\/strong>:<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><b>Idaho Champion Gold Mines (CSE: ITKO)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Current Price: <strong>$0.22 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Shares Outstanding:<b> 93.023 million<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Market Cap: <b>$20.465 million (USD$15.29 million)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Cash: <span style=\"color:#27ae60\"><strong>$8.073 million <\/strong><\/span><b>(amount raised in July 30th private placement)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Debt: <span style=\"color:#e74c3c\"><strong>$0<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Enterprise Value: <strong>$12.392 million<\/strong> <strong>(USD$9.26 million)<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Coming out of <strong><span style=\"color:#f1c40f;\">gold&#8217;s<\/span> last <span style=\"color:#e74c3c;\">correction<\/span><\/strong> in March, NIA announced <strong>ITKO<\/strong> on April 2nd at <strong>$0.085 per share<\/strong> as its <strong><span style=\"color:#27ae60;\">#1 favorite<\/span> <span style=\"color:#f1c40f;\">gold stock<\/span><\/strong>. <strong>ITKO<\/strong> quickly became one of the <span style=\"color:#27ae60;\"><strong>largest gainers<\/strong><\/span> in the entire market <em><span style=\"color:#27ae60;\"><strong>initially rising<\/strong><\/span><\/em> to an April 13th closing price of <strong>$0.21 per share<\/strong> for a <strong><span style=\"color:#27ae60;\">gain of 147%<\/span> in 7 trading days<\/strong>. On May 21st after we sent out a <strong><span style=\"color:#27ae60;\">major<\/span> update<\/strong> about <strong>ITKO<\/strong> at <strong>$0.33 per share<\/strong> it <strong><span style=\"color:#27ae60;\">gained 33.33%<\/span> in a single day<\/strong> to close at an <span style=\"color:#27ae60;\"><strong>all-time high<\/strong><\/span> of <strong>$0.44 per share<\/strong> for a <span style=\"color:#27ae60;\"><strong>gain of 417.65%<\/strong><\/span> from our April 2nd suggestion price.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">At the time of <strong>NIA&#8217;s <span style=\"color:#27ae60;\">initial suggestion<\/span> <\/strong>of<strong> ITKO<\/strong> on April 2nd at <strong>$0.085 per share<\/strong>, the company <span style=\"color:#27ae60;\"><strong>only had $366,000 in cash<\/strong><\/span>. On July 30th, <strong>ITKO<\/strong> closed on an <strong><span style=\"color:#27ae60;\">oversubscribed<\/span> private placement<\/strong> of <span style=\"color:#27ae60;\"><strong>$8.073 million<\/strong><\/span> priced at <strong>$0.30 per share<\/strong>. <strong>ITKO&#8217;s <span style=\"color:#e74c3c;\">newly issued<\/span> shares<\/strong> from the <strong>private placement<\/strong> are <span style=\"color:#e74c3c;\"><strong>restricted<\/strong><\/span> until the end of November and they were sold at a price that is <span style=\"color:#27ae60;\"><strong>36.36% above<\/strong><\/span> its current share price of <strong>$0.22 per share<\/strong>!<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Idaho<\/strong> is now <strong><span style=\"color:#27ae60;\">ranked the 8th best<\/span> mining jurisdiction<\/strong> for investors in the world and <strong>ITKO<\/strong> <strong><span style=\"color:#27ae60;\">owns 100% of two of our favorite<\/span> <span style=\"color:#f1c40f;\">gold projects<\/span><\/strong> in <strong>Idaho<\/strong>: <strong>Baner<\/strong> and <strong>Champagne<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO&#8217;s <span style=\"color:#27ae60;\">100% owned<\/span> Baner <span style=\"color:#f1c40f;\">gold project<\/span><\/strong> has <span style=\"color:#e74c3c;\"><strong>no<\/strong><\/span> <strong>NSR <span style=\"color:#27ae60;\">royalties<\/span><\/strong>. It includes <strong>215 claims totaling 1,763 hectares <\/strong>and is located in the middle of the <strong>Orogrande Shear Zone<\/strong> which hosts a number of <span style=\"color:#f1c40f;\"><strong>gold deposits<\/strong><\/span>, including (but not limited to), <strong>Endomines AB&#8217;s Friday Gold Project<\/strong> located <span style=\"color:#27ae60;\"><strong>5 miles south<\/strong><\/span>. <strong>Endomines AB<\/strong> announced <span style=\"color:#27ae60;\"><strong>commercial production<\/strong><\/span> at the <strong>Friday Gold Project<\/strong> in April 2020!<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO<\/strong> <span style=\"color:#27ae60;\"><strong>completed the first ever drilling campaign<\/strong><\/span> at <strong>Baner<\/strong> in late-2018, <strong><span style=\"color:#27ae60;\">drilling<\/span> 19 drill holes <\/strong>totaling<strong> <span style=\"color:#27ae60;\">over<\/span> 5,000m<\/strong>. <strong>ITKO <span style=\"color:#27ae60;\">achieved<\/span> <span style=\"color:#f1c40f;\">gold <\/span><span style=\"color:#27ae60;\">intercepts<\/span> in 18 of 19 drill holes!<\/strong> <strong>ITKO&#8217;s drill holes <\/strong>located<strong> <span style=\"color:#27ae60;\">furthest north<\/span><\/strong> at <strong>Baner<\/strong> contained the <strong><span style=\"color:#27ae60;\">highest grades<\/span> <\/strong>of<strong> <span style=\"color:#f1c40f;\">gold<\/span><\/strong> that were also located <span style=\"color:#27ae60;\"><strong>closest to the surface<\/strong><\/span>. <strong>Baner<\/strong> could be <span style=\"color:#27ae60;\"><strong>ideal<\/strong><\/span> for an <strong>open-pit <span style=\"color:#f1c40f;\">gold mine<\/span><\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO&#8217;s drill hole ICG2018-8<\/strong> began <strong><span style=\"color:#27ae60;\">intercepting<\/span> <span style=\"color:#f1c40f;\">gold<\/span><\/strong> <strong><span style=\"color:#27ae60;\">only<\/span> 21m downhole<\/strong> and <strong><span style=\"color:#27ae60;\">achieved a<\/span><\/strong> <span style=\"color:#27ae60;\"><strong>high-grade intercept<\/strong><\/span> of <span style=\"color:#f1c40f;\"><strong>8.66 g\/t gold<\/strong><\/span> <strong>over 6.30m <\/strong>beginning <span style=\"color:#27ae60;\"><strong>only<\/strong><\/span> <strong>115m downhole.<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO&#8217;s drill hole ICG2018-9<\/strong> <span style=\"color:#27ae60;\"><strong>achieved a wide intercept<\/strong><\/span> of <span style=\"color:#f1c40f;\"><strong>1.32 g\/t gold<\/strong><\/span> <strong>over 12.80m<\/strong> beginning <strong><span style=\"color:#27ae60;\">only<\/span> 47m downhole<\/strong>. This <strong>same drill hole<\/strong> also <strong><span style=\"color:#27ae60;\">intercepted<\/span> <span style=\"color:#f1c40f;\">4.50 g\/t gold<\/span> over 3.5m<\/strong> beginning <strong><span style=\"color:#27ae60;\">only<\/span> 75.2m downhole<\/strong>, <strong><span style=\"color:#f1c40f;\">1.25 g\/t gold<\/span> over 6.30m<\/strong> beginning <strong><span style=\"color:#27ae60;\">only<\/span> 110.5m downhole<\/strong>, and <strong><span style=\"color:#f1c40f;\">2.67 g\/t gold<\/span> over 4.10m<\/strong> beginning <strong><span style=\"color:#27ae60;\">only<\/span> 175m downhole<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO&#8217;s drill hole ICG2018-1<\/strong> began <strong><span style=\"color:#27ae60;\">intercepting<\/span> <span style=\"color:#f1c40f;\">gold<\/span><\/strong> <strong><span style=\"color:#27ae60;\">only<\/span> 16.5m downhole<\/strong> and <span style=\"color:#27ae60;\"><strong>achieved a wide intercept<\/strong><\/span> of <span style=\"color:#f1c40f;\"><strong>1.39 g\/t gold<\/strong><\/span> <strong>over 18m<\/strong> beginning <b><span style=\"color:#27ae60;\">only<\/span> 83m downhole<\/b> plus an <span style=\"color:#27ae60;\"><strong>intercept<\/strong><\/span> of <strong><span style=\"color:#f1c40f;\">2.6 g\/t gold<\/span> over 4m<\/strong> beginning <strong><span style=\"color:#27ae60;\">only<\/span> 124m downhole<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO&#8217;s drill hole ICG2018-16<\/strong> began <strong><span style=\"color:#27ae60;\">intercepting<\/span> <span style=\"color:#f1c40f;\">gold<\/span><\/strong> <b>at surface <\/b>and <strong><span style=\"color:#27ae60;\">achieved a<\/span><\/strong> <span style=\"color:#27ae60;\"><strong>high-grade intercept<\/strong><\/span> of <span style=\"color:#f1c40f;\"><strong>4.80 g\/t gold<\/strong><\/span> <strong>over 5.90m <\/strong>beginning<strong> <span style=\"color:#27ae60;\">only<\/span> 127.9m downhole<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO&#8217;s drill hole ICG2018-19<\/strong> began <strong><span style=\"color:#27ae60;\">intercepting<\/span> <span style=\"color:#f1c40f;\">gold<\/span><\/strong> <b><span style=\"color:#27ae60;\">only<\/span> 75m downhole <\/b>and <strong><span style=\"color:#27ae60;\">achieved a<\/span><\/strong> <span style=\"color:#27ae60;\"><strong>high-grade intercept<\/strong><\/span> of <span style=\"color:#f1c40f;\"><strong>5.85 g\/t gold<\/strong><\/span> <strong>over 2m <\/strong>beginning<b> <span style=\"color:#27ae60;\">only<\/span> 89m downhole<\/b> plus a <span style=\"color:#27ae60;\"><strong>high-grade<\/strong><\/span> <span style=\"color:#27ae60;\"><strong>intercept<\/strong><\/span> of <strong><span style=\"color:#f1c40f;\">8.07 g\/t gold<\/span> over 1m<\/strong> beginning <strong><span style=\"color:#27ae60;\">only<\/span> 137.70m downhole<\/strong>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>ITKO <span style=\"color:#27ae60;\">launched a new drilling campaign<\/span><\/strong> at <strong>Baner<\/strong> on August 24th! <strong>ITKO<\/strong> is <strong><span style=\"color:#27ae60;\">drilling<\/span> 19 drill holes<\/strong> totaling <strong>3,000m<\/strong> located on the <strong>Baner claims<\/strong> to the <strong>northeast<\/strong> of the <strong><span style=\"color:#f1c40f;\">gold discovery<\/span><\/strong> made in 2018. <strong>ITKO<\/strong> is <strong><span style=\"color:#27ae60;\">continuing along<\/span> <\/strong>the<strong> northern structure<\/strong> where they <span style=\"color:#27ae60;\"><strong>intercepted high grades<\/strong><\/span> of <strong><span style=\"color:#27ae60;\">near-surface<\/span> <span style=\"color:#f1c40f;\">gold<\/span><\/strong>, while also <strong>stepping to the east<\/strong> to <span style=\"color:#27ae60;\"><strong>crosscut more<\/strong><\/span> of the <strong>Orogrande Shear Zone<\/strong>. <em><strong>NIA <span style=\"color:#27ae60;\">looks forward<\/span> to ITKO&#8217;s <span style=\"color:#27ae60;\">upcoming announcements<\/span> of Baner <span style=\"color:#27ae60;\">drilling results<\/span>!<\/strong><\/em><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA&#8217;s <span style=\"color:#27ae60\">#4 Overall Pick<\/span> for Remainder of 2020<\/strong>:<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><b>Numinus Wellness Inc (TSXV: NUMI)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Current Price: <strong>$0.28 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Shares Outstanding:<b> 113.22 million<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Market Cap: <b>$31.7 million (USD$23.38 million)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Cash: <span style=\"color:#27ae60\"><strong>$4.6 million <\/strong><\/span><b>(amount raised in September 14th private placement)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Debt: <span style=\"color:#e74c3c\"><strong>$0<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Enterprise Value: <strong>$27.1 million<\/strong> <strong>(USD$20.25 million)<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA&#8217;s President Gerard Adams<\/strong> is <strong><span style=\"color:#27ae60;\">very knowledgeable<\/span><\/strong> about the <strong>psychedelic drugs industry<\/strong> and expects to see a <strong><span style=\"color:#27ae60;\">major boom<\/span><\/strong> in this market between now and year-end 2020! Industry bellwether<b> Compass Pathways (CMPS)<\/b> had its <strong>IPO<\/strong> on September 18th <span style=\"color:#27ae60;\"><strong>raising $146.6 million<\/strong><\/span> at <strong>$17 per share<\/strong>. <strong>CMPS<\/strong> opened for trading at <strong>$23.40 per share<\/strong> and in recent days has <span style=\"color:#27ae60;\"><em><strong>exploded<\/strong><\/em><\/span> to a Friday closing price <strong>$43.17 per share<\/strong> where its <strong>market cap<\/strong> is now <span style=\"color:#27ae60;\"><strong>$1.5 billion<\/strong><\/span>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>Gerard&#8217;s <span style=\"color:#27ae60;\">#1 favorite psychedelic play<\/span><\/strong> is <b>Numinus Wellness Inc (TSXV: NUMI) <\/b>currently<b> $0.28 per share <\/b>with a <strong>market cap<\/strong> of <span style=\"color:#27ae60;\"><strong>only<\/strong><\/span><b> $27.1 million<\/b>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NUMI<\/strong> has just begun <strong><span style=\"color:#27ae60;\">cultivating<\/span> Psilocybe mushrooms<\/strong>, for the purpose of <strong>psilocybin <span style=\"color:#27ae60;\">production<\/span><\/strong>, at its <strong>7000 square-foot Health Canada licensed facility<\/strong>. <strong>Psilocybin-assisted psychotherapy <\/strong>is currently being studied as a <span style=\"color:#27ae60;\"><strong>treatment<\/strong><\/span> for a range of <span style=\"color:#e74c3c;\"><strong>mental health conditions<\/strong><\/span> including <span style=\"color:#e74c3c;\"><strong>depression<\/strong><\/span>, <span style=\"color:#e74c3c;\"><strong>anxiety<\/strong><\/span>, and <span style=\"color:#e74c3c;\"><strong>substance use disorders<\/strong><\/span>.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Under its <strong>Health Canada licence<\/strong> for the <strong><span style=\"color:#27ae60;\">production<\/span> <\/strong>and<strong> <span style=\"color:#27ae60;\">extraction<\/span> <\/strong>of<strong> psilocybin <\/strong>from<strong> mushrooms<\/strong>, <strong>NUMI<\/strong> intends to <span style=\"color:#27ae60;\"><strong>cultivate<\/strong><\/span> and <strong><span style=\"color:#27ae60;\">harvest<\/span> the mushrooms<\/strong> for a variety of purposes including: development of standardized extraction methods, exploration of product formulations of naturally occurring psilocybin, development and evaluation of qualitative and quantitative mycochemicals standardized test methodologies, exploration of the ability to investigate naturally occurring psilocybin&rsquo;s efficacy as an alternative supply to synthetic psilocybin currently used in research, and ultimately, the delivery of safe, evidence-based psilocybin-assisted psychotherapy at clinics including its own.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NUMI&#8217;s <span style=\"color:#27ae60;\">vertically integrated<\/span> ecosystem<\/strong> positions the company to be a <span style=\"color:#27ae60;\"><strong>first-in-market<\/strong><\/span>, <span style=\"color:#27ae60;\"><strong>trusted leader<\/strong><\/span> in the <span style=\"color:#27ae60;\"><strong>delivery<\/strong><\/span> of <strong>psychedelic-assisted psychotherapies<\/strong> when regulated. From product development and supply, to analytics and testing, and including clinical protocol development and implementation science in partnership with leading research organizations, the ecosystem approach allows <strong>NUMI<\/strong> to ensure quality control and best-in-class delivery with steady revenue streams to support its developments.<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>NIA&#8217;s <span style=\"color:#27ae60\">#5 Overall Pick<\/span> for Remainder of 2020<\/strong>:<\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><b>Support.com (SPRT)<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Current Price: <strong>$1.76 per share<\/strong><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Shares Outstanding:<b> 19.08 million<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Market Cap: <b>$33.58 million<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Cash: <span style=\"color:#27ae60\"><strong>$29.69 million<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Debt: <span style=\"color:#e74c3c\"><strong>$133,000<\/strong><\/span><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\">Enterprise Value:<b> $4.023 million<\/b><\/span><\/span><\/p>\n\n<p><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><strong>SPRT<\/strong> has <span style=\"color:#27ae60;\"><strong><em>generated<\/em> positive free cash flow<\/strong><\/span> over the last twelve months of <span style=\"color:#27ae60;\"><strong>$5.529 million<\/strong><\/span>. <strong>SPRT<\/strong> is trading with an <strong>enterprise value<\/strong> of <strong><span style=\"color:#e74c3c;\">less than<\/span> <span style=\"color:#27ae60;\">1X free cash flow<\/span><\/strong>, which is unheard of! Back on July 1, 2014 after <strong>SPRT<\/strong> <span style=\"color:#27ae60;\"><em><strong>generated<\/strong><\/em><\/span> trailing twelve month <span style=\"color:#27ae60;\"><strong>positive free cash flow<\/strong><\/span> of <span style=\"color:#27ae60;\"><strong>$5.623 million<\/strong><\/span>, <strong>SPRT<\/strong> hit a high of <strong>$8.52 per share<\/strong> where it had an <strong>enterprise value<\/strong> of <strong>$77.44 million <\/strong>or <span style=\"color:#27ae60;\"><strong>13.77X free cash flow<\/strong><\/span>. <em><strong>If SPRT traded with an enterprise value of <span style=\"color:#27ae60;\">13.77X free cash flow<\/span> today, SPRT would be worth $5.74 per share or <span style=\"color:#27ae60;\">more than triple<\/span> its current share price!<\/strong><\/em><\/span><\/span><\/p>\n\n<p style=\"margin-bottom:11px\"><span style=\"font-size:14px;\"><span style=\"font-family:sans-serif;\"><span style=\"line-height:107%\"><i><span style=\"line-height:107%\">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. NIA has been compensated by VIPR USD$30,000 cash for a six-month marketing contract. NIA has been compensated by NUMI USD$30,000 cash for a six-month marketing contract. NIA was previously compensated by ITKO a total of USD$30,000 cash for a six-month marketing contract, which has since expired. This message is meant for informational and educational purposes only and does not provide investment advice.<\/span><\/i><\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NIA is excited to release its Full Top 5 Picks List for between now and year-end 2020: NIA&#8217;s #1 Overall Pick for Remainder of 2020: Enterprise Group, Inc. (TSX: E) Originally Announced as #1 Pick on September 18th Announcement Price: $0.16 per share Current Price: $0.26 per share % Change so far: +62.5% Shares Outstanding: [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11058,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[365,103,117,9,323,310,17,379,8,242],"class_list":["post-11057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-biotech","tag-crude-oil","tag-e","tag-gold","tag-itko","tag-numi","tag-silver","tag-sprt","tag-technology","tag-vipr"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/11057","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=11057"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/11057\/revisions"}],"predecessor-version":[{"id":11059,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/11057\/revisions\/11059"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/11058"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=11057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=11057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=11057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}