GOLDMining Inc. (NYSE: GLDG) Recently Received a Price Target Upgrade from H. C. Wainwright & Co. from $1.00/share to $6.25/share. Miners Are Starting to Outperform Gold but are Still Historically Cheap…
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SOMETHING BIG IS COMING…
In 2022, because of numerous standalone, non-repeatable, and unique catalysts, GOLDMining Inc. (NYSE: GLDG) could be entering its most significant year since its formation!
At this very second, it is the most crucial gold alert we’re making, and you should dive deep into the bullish thesis.
When GOLDMining’s (NYSE: GLDG) largest shareholder, founder Amir Adnani, formulated the idea to purchase gold resources in the ground at the depths of the bear market, he was able to make acquisitions at TEN CENTS on the dollar!
As you can see, the combined market cap of the companies whose projects were acquired was $850M, yet GOLDMining Inc.’s shareholders paid only $81M for them!
The reason I’m telling you that GOLDMining Inc. (NYSE: GLDG) is trading for some of the cheapest valuations in its 10-year corporate history right now is that its Sao Jorge project in Brazil was worth $150M on its own in the 2011 bull market, nearly equal to GOLDMining’s market cap today, yet the company owns 15 projects, not just one!
Supply and Demand
With 32M ounces of gold equivalent resources (16.2M in the M&I category and 16.2M inferred), the market is now trading these resources for $2.20/ounce of gold.
If GOLDMining’s management searches for a new project today, it would have to pay $40-$50 per ounce, which means that buying shares of GOLDMining Inc. (NYSE: GLDG) gives one access to gold ounces at a 95% discount to the average transaction in 2021.
Strong Financial Performance
Every historical break of trend resistance has resulted in massive bullish rallies, providing an excellent return on investment for both speculative traders and long-term investors.
Recent Price Upgrades
H.C. Wainwright & Co. recently delivered a price target of $6.25 per share, up from $1.00 per share. This is the result of current holdings, growth, and anticipation of upcoming catalysts
With shareholders such as BlackRock, Sprott Global, the KCR Fund (Katusa, Casey, and Rick Rule), the GDXJ ETF, as well as Oppenheimer Holdings, this isn’t like any other junior miner, and I say that because more than HALF of its current market cap is its equity position in GROY, one of the fastest-growing royalty stcks in the world, worth more than $100M on its own.
We believe that the upcoming PEA reports management is advancing for La Mina, Yellowknife, and Sao Jorge will be the catalysts that make GOLDMining Inc.’s (NYSE: GLDG) current value a dream entry point.
Dec ’13 – Mar ’14: (US: GLDG) +164%, gold spot: 11.49% (10x LEVERAGE)
Jan 16′ – Sept 16′: (US: GLDG) +665%, gold spot: 22.65% (30x LEVERAGE)
Dec 18′ – Feb 20′: (US: GLDG) +150%, gold spot: 26.01% (5x LEVERAGE)
Mar 20′ – Aug 20′: (US: GLDG) +218%, gold spot: 36.12% (7x LEVERAGE)
For comparison, the industry standard is currently between $40 and $50 per ounce. Given its portfolio size, had the market given it a price of only $20/ounce, HALF of the more conservative average, the stock could appreciate by 310%
The market is currently giving our No. 1 gold stock, which owns 32M ounces of gold equivalent resources a value of $82M, or only $2.59/ounce, nearly 94% below the industry standard of at least $40/ounce.
This is a stock that ought to trade at a premium since it has delivered leveraged returns compared with gold’s price in all of its rallies this past decade (30x, 10x, 7x, and 5x), yet its price is exactly the same as it was in 2011.
At today’s valuation, this stock is without a shadow of a doubt, our No. 1 idea for the gold rally – its catalysts are too attractive to ignore! Today’s environment reminds me of 2016, when these mining stocks surged ON THE BACKS of rate hikes.
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