Allegiant Gold Ltd V.AUAU

Alternate Symbol(s): AUXXF

Metals & Mining Gold

Allegiant Gold Ltd. is a Canada-based mid-stage precious metals exploration stage company. The Company’s activities are the exploration and evaluation of resource properties located in the United States of America. Its flagship project, the district-scale Eastside project, hosts a large and expanding gold and silver resource and is in an area of infrastructure. The project is located approximately 32 km west of Tonopah, Nevada. The Company’s projects include Bolo, Goldfield West, Browns Canyon, and Overland Pass. The Bolo project is located approximately 60 km northeast of Tonopah, Nevada. The Browns Canyon project consists of over 146 unpatented mining claims, and it is located on the prospective Battle Mountain Gold Trend of Nevada. The Goldfield West Project is comprised of approximately105 mineral claims and subject to a 2% royalty. The Overland Pass Project is100% owned by the Company, and it is located approximately 90 km south of Elko, Nevada.

TSXV:AUAU - Post by User

Allegiant Gold Ltd > Valuation

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Comment by GameChangerBeton May 26, 2021 10:26am

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Post# 33267199

RE:Valuation

Zvezdoliot1 wrote: Interesting what would be the conservative valuation on these results?

Well I think we're getting a sense of the valuation increase in the market today. Up more than 60% at one point. I suspect it'll get much higher when you factor in the inflow of capital into gold. We crossed $1900 today, and I don't think it's going to stop there. This is the early stage of a bigger run in gold. That should increase over time with inflation and other factors, which should be really positive for AUAU.

Perhaps you can consider throwing in the prospect of a major producer who would want this type of deposit, causing it to be a potential takeover target.

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