256302162 - 1_so6rlzlz - PID 1851201
    
    
      
    
  

  
    
        Hi everybody, I’m Ted
Dixon
        with the INK preview for
        May 25th US market
upgrades and a Nevada
        Reward for Augusta
Gold?With
        the gold market showing
        some resilience over the
past week,
        we return to the space
today to
        revisit Nevada-focused
Augusta Gold.
        We introduced Augusta Gold
        here on March 31st,
        2021 after
        Vancouver mining
entrepreneur Richard Warke
        joined the company as
executive chairman.
        While gold as tracked by
        the GLD ETF is up 8.8%
since our report,
        outperforming the S&P 500
by
        the way down about
        0.8% Augusta Gold has
sagged down 22.7%.
        The initial excitement of
Mr. Warke's initial
        involvement soon cooled
after our report.
        Initial drilling results
from
        the 2021 Bullfrog project
drilling
        campaigned released last
April also
        failed to give the stock a
sustained lift.
        Insiders including Mr.
Warke
        have continued to buy
since
        our initial report and
        the stock seems to have
found
        some upward momentum
recently.
        It has more than doubled
        over the past 3 months.
        The stock's momentum has
        been helped by the April
21st,
        2022 announcement
        that the company has
entered
        into an agreement to
        purchase the Reward
Project,
        located seven miles from
Bullfrog.
        The deal is subject to
        customary approvals and
has yet to close.
        Mr. Warke has agreed to
backstop
        US$17.5 million of
        the US$45 million purchase
price.
        According to an Augusta
Gold presentation,
        Reward already has key
permits in place
        and once
        additional economic work
is completed,
        the company could be
        in a position to make a
decision
        on whether to put the
project into
        production in the second
half of next year.
        So we’ll be keeping an eye
on that one.
        Meanwhile, American
insider sentiment is on
        the rise and we have
upgraded
        the US market to
fair-valued from
overvalued.
        We have also upgraded two
sectors,
        so make sure to read our
report
        which is available to INK,
        Ultra and Vivaville
Discord members
        right under this video
        along with today’s morning
        report on Augusta Gold.
        Well thhanks for stopping
by and please
        check back tomorrow as we
let
        the insiders guide us to
opportunity.
        This is not a
recommendation to
        buy or sell securities and
        nothing in this video or
        in INK reports should be
considered
        financial advice
information is for
        educational purposes INK
employees may
        hold an interest in any
stock
        mentioned in our videos or
in our reports.