Gold looks to be at the beginning of a monstrous bull run and this little-known gold stock is climbing alongside…
Greetings Investors,
With all the uncertainty in the market surrounding the banking crisis and interest hikes, now may be the best time to be watching gold.
The yellow metal has finally crossed the $2,000 mark and the rally could be far from over.
Gold itself can be complicated and expensive to buy, but gold-related stocks can offer unprecedented value as investors wonder how to add the precious metal to their portfolio.
Quickly put U.S. Gold Corp. (NASDAQ: USAU) on your radar. This is a precious metals exploration and development company that could be at a premium right now.
The stock currently carries an impressive $10.50 price target which indicates an upside potential of nearly 100%!
NASDAQ has even given USAU a "STRONG BUY" rating.
What makes the company stand out? US Gold Corp has multiple gold development and exploration projects in Nevada, Wyoming and Idaho. The company believes this is a great opportunity for gold development as the precious metal's price could continue to soar.
And as the price of gold increases, USAU has seen the value of its reserves soar.
The price of gold recently passed $2,000 per ounce, a high it hasn't seen since before the Ukrainian-Russian war. Gold and other precious metals have traditionally been seen as safe haven assets that hold their value amidst the worst economic turmoil.
Gold prices could continue to spike making USAU a strong candidate for more upward movement.
In recent weeks shares have climbed from under $4 to nearly $6!
Wall Street may be recognizing the pure potential here.
USAU has multiple development projects, including the CK Gold Project, which is in pre-development. With deep roots in the mining sector, the company is estimated to have proven and probable reserves of over 1.4 million gold equivalent ounces! Do the math to see just how lucrative this could be for the company….
At the market price of $2000/ounce, this would mean its gold equivalent supply is worth around $2.8 billion!
The global mining market for gold was worth $214.1 billion in 2021, and it is expected to reach $249.6 billion in 2026, for a compound annual growth rate of 3.1% during the forecast period.
While many assets saw losses in 2022, gold was one of the few to see an increase and 2023 could be another year of gains.
One of the safest moves during economic uncertainty is to look for companies that can withstand all of the noise going on and USAU should be high on your watch list!
https://www.usgoldcorp.gold/
World-class projects in mining friendly, U.S. jurisdictions
COMPANY OVERVIEW:
U.S. Gold Corp. is a U.S.-focused gold exploration and development company advancing high potential projects in Wyoming, Nevada and Idaho.
Highlights:
- Nasdaq Listed
- Good liquidity
- Cash in bank
- No debt
USAU is advancing its high potential projects in WY, NV and ID with a seasoned team AND management has a key player…
The US Gold Corp management team was recently joined by George Bee, who brought decades of expertise with major mines across three continents when he joined as President and Chief Executive Officer (CEO). Bee, a veteran in the gold market, has worked with leading companies in the gold sector, such as Barrick Gold Corporation (NYSE: GOLD), which has various mines including the Pierina Mine and the Veladero, Aurelian Resources Inc., acquired by Kinross Gold (NYSE: KGC) and Jaguar Mining Inc. (OTCQX: JAGGF).
Watch George Bee, President & CEO, talk about the company's flagship development property, the CK Gold Project in Wyoming, and upcoming milestones: https://www.youtube.com/watch?v=zOmJSC9OT_w&embeds_euri=https%3A%2F%2Fwww.usgoldcorp.gold%2F&feature=emb_logo
PROJECTS:
CK Gold Project, Wyoming
The CK Gold Project is an advanced stage exploration and development project located in southeast Wyoming. This project is located entirely on state land, making for an easier permitting process and more affordable annual leases.
Future CK catalysts:
- Permitting
- Submitted the CK Gold Project Mine Plan Permit Application in Q3, 2022
- Nasdaq: USAU | usgoldcorp.gold 16
- Advanced Engineering
- Final engineering and studies to move CK to permit approval and construction
- Aggregate Market Study
- Thought to provide significant upside potential to CK project NPV. Undergoing further study
- Attractive Future Potential Financing Options
- Exploring State of WY debt funding along with attractive potential vendor financing options
- Pit Lake Water Storage Optimization
- Continue with hydrology, water monitoring and technical studies to assess viability of future pit lake
- Construction and Production
- Building mill, advancing towards potential commercial production
Keystone, Nevada
The Keystone project is located on the prolific Cortez Gold Trend, one of the world's most highly prospective mineral trends. Over the past 50 years, the Cortez and Carlin trends in Nevada have produced more than 245 million ounces of gold.
Challis Gold Project
Idaho is a Mining State
Recent Developments:
The company recently released information regarding gold and copper concentrate quality from its CK Gold Project.
Management is pleased to report that metallurgical testing at the Project site has produced a gold and copper concentrate desirable to smelter-refinery operators due to the quality of its gold and copper content and absence of some of the common penalty elements. The concentrates will be shipped off-site to a smelter for further processing and blending with other concentrates. Metal extraction that takes place off-site at an established smelter is an indication that very few chemicals are utilized at site. Additionally, there will be no emissions at the site associated with smelting and refining.
Based on extensive metallurgical test work, the sulfide concentrate will be a clean product that will be in demand for its high gold content and lack of deleterious metals. The exact metal content will vary over the mine life, but on average, per our prefeasibility study (released December 1, 2021), the concentrate will contain approximately 19% copper, 1.5 oz/ton gold and 1.7 oz/ton silver.
Kevin Francis, Vice President of Exploration and Technical Services said, "We have done extensive testing and are pleased with the metallurgical work completed to date on the sample concentrate analysis. It was a pleasure to work with Mr. Michael Mason, a 45-year veteran of the smelting and refining business, who has been assisting us with recommendations for marketing the CK Gold Project concentrate and providing insight to its value. Mr. Mason has operated smelters and traded concentrates to meet smelter demands and his expertise has served to be invaluable."
Mr. Mason, in commenting on the CK Gold Project concentrate sample, said, "With a high relative level of gold content in the copper concentrate, the absence of arsenic and very low levels of other deleterious elements such as mercury, I expect that CK Gold Project concentrate will be a desirable feedstock to smelters always on the lookout for material that will enhance options for production. The gangue minerals in the CK Gold Project concentrate have favorable characteristics as a flux medium further adding to the desirability of the concentrate."
The company also recently sold its mining project, Maggie Creek, to the Nevada Gold Mines division of Barrick Gold. As demand for gold may continue increasing in the near future, the company believes it is well positioned for further exploration and development of its gold reserves.
In summary…
USAU has entered 2023 with strong marketplace tailwinds, prudent financial and operational management, and conservatively valued assets in highly ranked mining jurisdictions with excellent potential for out-sized success in 2023 and beyond…
With a $10+ price target, plenty of cash to keep drilling, the company could be poised for an astronomical upside ahead.
Shares have been rallying for weeks as gold lights up on Wall Street.
The gold bull run may finally be getting started and USAU could come out a big winner!
Start your own research!
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