{"id":9370,"date":"2018-11-22T15:12:00","date_gmt":"2018-11-22T19:12:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=9370"},"modified":"2026-07-11T23:23:40","modified_gmt":"2026-07-12T03:23:40","slug":"nia-announces-top-stock-suggestion-for-2019","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/nia-announces-top-stock-suggestion-for-2019\/","title":{"rendered":"NIA Announces its #1 Stock Suggestion for 2019"},"content":{"rendered":"\n
NIA is pleased to announce its #1 stock suggestion for 2019<\/strong><\/span>:<\/span><\/div>\n\n

Fiore Gold (TSXV: F)<\/strong><\/span><\/p>\n\n

Currently $0.23 per share<\/span><\/p>\n\n

Shares Outstanding: 97.72 million<\/span><\/p>\n\n

Market Cap: $22.48 million<\/span><\/p>\n\n

Cash: $7.185 million<\/span><\/p>\n\n

Debt: $0<\/span><\/p>\n\n

Enterprise Value: $15.3 million<\/span><\/p>\n\n

Fiore Gold (TSXV: F)<\/strong> is a gold producer<\/strong><\/span> and explorer with the producing Pan Mine<\/strong> in Nevada<\/strong> as well as a suite of exploration projects in Nevada.<\/span><\/p>\n\n

Fiore<\/strong> has increased<\/strong><\/em><\/span> its gold production<\/strong><\/span> from 3,780 ounces<\/strong> in 1Q 2018, to 8,695 ounces<\/strong> in 2Q 2018, to 9,964 ounces<\/strong> in 3Q 2018, and to 11,858 ounces<\/strong> in 4Q 2018.<\/span><\/p>\n\n

In 3Q 2018, Fiore<\/strong> generated revenue<\/strong> of $13.784 million<\/strong> with mine operating income<\/strong> of $3.762 million<\/strong>. During the first three quarters of 2018, Fiore<\/strong> generated revenue<\/strong> of $33.555 million<\/strong> with mine operating income<\/strong> of $9.896 million<\/strong>.<\/span><\/p>\n\n

Fiore<\/strong> currently has total working capital<\/strong> of $17.35 million<\/strong>, which if subtracted from its market cap<\/strong> of $22.48 million<\/strong>, gives Fiore’s mining operations and gold resource<\/strong> a current valuation<\/strong> of only $5.13 million<\/strong> – when it generated $9.896 million in mine operating income<\/strong><\/span> over the last nine months!<\/span><\/p>\n\n

Fiore’s Pan Mine<\/strong> has a measured and indicated gold resource<\/strong> of 434,000 ounces<\/strong><\/span>! Its Gold Rock project<\/strong> contains an additional 238,700 indicated ounces of gold<\/strong><\/span>! This gives Fiore a total measured and indicated gold resource of 672,700 ounces<\/span>!<\/strong><\/em><\/span><\/p>\n\n

Fiore’s measured and indicated gold resource<\/strong> of 672,700 ounces<\/strong><\/span> has an in-ground gold value of $825.4 million<\/strong><\/span> based on the current gold price of $1,227 per ounce<\/strong><\/span>!<\/span><\/p>\n\n

Currently, most publicly traded gold exploration companies<\/strong> are receiving at least $100 per ounce in value<\/strong><\/span> for their measured and indicated gold resources<\/strong><\/span> of similar grade<\/strong> located in top tier<\/span> mining jurisdictions<\/strong> like Nevada<\/strong>. A valuation of $100 per ounce<\/span> would value Fiore’s measured and indicated gold resource of 672,700 ounces<\/span> at $67.27 million<\/span>. Added to Fiore’s working capital of $17.35 million<\/span> would give it a market cap of $84.62 million, which would equal a share price of $0.87!<\/strong><\/em><\/span><\/p>\n\n

Based on Fiore’s 4Q 2018 gold production<\/span> of 11,858 ounces<\/strong>, the company is currently producing gold<\/span><\/strong> at an annualized rate of 47,432 ounces<\/span><\/strong>, which at the current gold price<\/strong><\/span> is equal to annualized revenue<\/strong> of $58.2 million<\/strong>. Considering that Fiore<\/strong> would have reported a large net profit<\/strong><\/span> over the last nine months if not for a one-time impairment charge due to Fiore terminating an option agreement for a gold property in Chile, Fiore<\/strong> on a very conservative basis<\/strong><\/span> deserves a valuation of between 1 and 2 times annualized revenue<\/strong>. A valuation of 1-2X annualized revenue of $58.2 million<\/span> on top of Fiore’s working capital of $17.35 million<\/span> would give Fiore a market cap of between $75.55 million and $133.75 million, which would equal a share price of between $0.77 and $1.37!<\/strong><\/em><\/span><\/p>\n\n

Fiore’s CEO Tim Warman<\/strong> was most recently the President of Dalradian Resources<\/strong> prior to it being acquired<\/em><\/strong><\/span> by Orion Mine Finance<\/strong> this year for $537 million<\/strong><\/span>.<\/span><\/p>\n\n

Fiore’s COO Ross MacLean<\/strong> was most recently the general manager of Taseko Mines Limited (TGB)’s flagship<\/span> Gibraltar Mine<\/strong> where he led a team of 500 employees. TGB’s Gibraltar Mine<\/strong> produces 140 million lbs of copper per year<\/strong>, giving TGB<\/strong> a current enterprise value<\/strong> of $487.9 million<\/strong><\/span>.<\/span><\/p>\n\n

Tim Warman and Ross MacLean plan to increase<\/span> Fiore’s annual gold production<\/span> to 150,000 ounces<\/span> in the upcoming years!<\/strong><\/em><\/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. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.<\/em><\/span><\/p>\n\n\n\n

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

NIA is pleased to announce its #1 stock suggestion for 2019: Fiore Gold (TSXV: F) Currently $0.23 per share Shares Outstanding: 97.72 million Market Cap: $22.48 million Cash: $7.185 million Debt: $0 Enterprise Value: $15.3 million Fiore Gold (TSXV: F) is a gold producer and explorer with the producing Pan Mine in Nevada as well as […]<\/p>\n","protected":false},"author":1,"featured_media":9371,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[319,9,320],"class_list":["post-9370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-f","tag-gold","tag-tgb"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9370","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=9370"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9370\/revisions"}],"predecessor-version":[{"id":9372,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9370\/revisions\/9372"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/9371"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=9370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=9370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=9370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}