{"id":9402,"date":"2016-08-14T20:57:00","date_gmt":"2016-08-15T00:57:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=9402"},"modified":"2026-07-12T00:33:47","modified_gmt":"2026-07-12T04:33:47","slug":"nia-mxl-already-up-62-percent-in-one-month","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/technicals\/nia-mxl-already-up-62-percent-in-one-month\/","title":{"rendered":"NIA’s MXL Already Up 62% in One Month"},"content":{"rendered":"\nOne month ago, NIA announced MX Gold (TSXV: MXL)<\/strong> at $0.225 as its new gold stock suggestion<\/strong><\/span>. NIA explained how MXL<\/strong> only has 133.38 million shares outstanding and had a market cap at $0.225 of only CAD$30 million, which is the lowest market cap<\/span> that NIA has ever seen for a near-term gold producer<\/span> that already owns a modern turnkey mill and has a huge gold<\/span> resource<\/span> with very high<\/span> gold grades<\/span><\/strong><\/em>!<\/em><\/strong><\/span><\/div>\n\t\t
\n\t\t\t

\n\t\t\t\tMXL<\/strong> recently acquired the award winning Max Molybdenum Mine and Mill<\/strong>, which has over CAD$80 million invested into it<\/strong><\/span> by its previous owner. MXL<\/strong> acquired it very cheaply because molybdenum prices have collapsed<\/span><\/em><\/strong> in recent years. MXL has no intention<\/span> of producing any molybdenum – MXL acquired the Max Mine and Mill for the purpose of consolidating it with its high grade<\/span> Willa Gold Project<\/span> located only 135 km away.<\/em><\/strong> By doing so, MXL<\/strong> will be able to bring its Willa Gold Project<\/span> into production<\/span> this year<\/em><\/strong> for only a fraction of the estimated cost to build a new gold mill<\/strong><\/span> at the Willa<\/strong><\/span> site.<\/span><\/p>\n\t\t\t

\n\t\t\t\tMXL<\/strong>‘s Willa Gold Project<\/strong><\/span> has a measured\/indicated gold resource<\/span> of 758,000 tonnes grading 6.67 g\/t<\/span><\/strong> – and MXL<\/strong> will be trucking its ore<\/em><\/strong> to the Max Mill<\/strong>. MXL<\/strong> has just finished retrofitting<\/em><\/strong><\/span> the Max Mill<\/strong> and has all of the necessary permits in place to begin production <\/strong><\/em><\/span>– with initial projected throughput of 450 tonnes per day<\/strong>. MXL<\/strong> plans to expand throughput<\/strong><\/em><\/span> in the future to 1,000 tonnes per day<\/strong> and has already completed 90% of the expansion work.<\/span><\/p>\n\t\t\t

\n\t\t\t\tNIA projects for MXL to produce 25,000 oz of gold<\/span> in 2017, with very low all-in sustaining costs<\/span> of only USD$600 per oz. With gold<\/span> at USD$1,337 per oz, if MXL successfully executes its strategy – the company could earn an operating profit<\/span> next year of CAD$23.89 million<\/span> – and a conservative multiple of 10 would value MXL at $1.79 per share<\/span>!<\/strong><\/em><\/span><\/p>\n\t\t\t

\n\t\t\t\tAfter NIA initially suggested MXL<\/strong> one month ago at $0.225 per share, it published an exclusive<\/strong><\/em> MXL technical analysis report<\/strong> – showing how the stock had formed a bullish wedge pattern<\/strong><\/span> with a key breakout point<\/strong><\/span> at the time of $0.28 per share. In recent weeks as MXL<\/strong>‘s bullish wedge pattern<\/strong><\/span> trendlines have converged – its key breakout point<\/strong><\/span> declined to $0.27. On Tuesday of last week, MXL<\/strong> finally surpassed<\/strong><\/em><\/span> its key breakout point<\/strong><\/span> of $0.27 and closed at $0.28.<\/span><\/p>\n\t\t\t

\n\t\t\t\tAs NIA expected, MXL began to explode<\/span> in the following days – rising $0.05 or 17.86%<\/span> to $0.33 on Wednesday, rising $0.015 or 4.54%<\/span> to $0.345 on Thursday, and rising $0.02 or 5.8%<\/span> to $0.365 on Friday. MXL is already up 62.22%<\/span> from NIA’s suggestion one month ago! MXL has achieved more than 10X the gains<\/span> of the HUI Gold Miner Index<\/span>, which is up only 6.14%<\/span> during this same time period!<\/em><\/strong><\/span><\/p>\n\t\t\t

\n\t\t\t\tPast 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 MXL $40,000 cash for a two-month investor relations contract. 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","protected":false},"excerpt":{"rendered":"

One month ago, NIA announced MX Gold (TSXV: MXL) at $0.225 as its new gold stock suggestion. NIA explained how MXL only has 133.38 million shares outstanding and had a market cap at $0.225 of only CAD$30 million, which is the lowest market cap that NIA has ever seen for a near-term gold producer that […]<\/p>\n","protected":false},"author":1,"featured_media":9403,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[9,330,328],"class_list":["post-9402","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technicals","tag-gold","tag-molybdenum","tag-mxl"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9402","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=9402"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9402\/revisions"}],"predecessor-version":[{"id":9404,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/9402\/revisions\/9404"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/9403"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=9402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=9402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=9402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}