Bullish Gold Forecast + Spring Exploration Gold has recently found strong support above $2000 USD/Oz, and with analysts predicting prices could continue rising over the next few years due to the economic situation with inflation, rate pauses, and the regional banking collapse in the US. With the increased prices, it’s never been a more profitable time to be a mining company in the industry and with the future price outlook, gold is back on top.
https://www.kitco.com/news/2023-05-08/Buy-the-dip-gold-prices-are-going-to-be-a-lot-higher-five-years-from-now-Degussa-s-Polleit.html
Big Gold is an Ontario-focused exploration company with land packages in well-explored regions of the province. The 13,200-hectare land package includes the Tabor project and the Martin Kenty project.
Tabor is located adjacent to $GSHR.V’s 4M Oz Moss Gold Project and holds significant gold potential with historical work discovering grades of up to 8 g/t Au and zones holding gold resources over a wide area.
- Martin Kenty has currently no modern work conducted on the property; however, the experienced technical team and infrastructure should help enable future exploration when considering the historic results.
- With some showings returning grades of up to 9.3 g/t and resource estimates of 109,000 tons of 7.78 g/t Au, there’s a lot of room to expand upon these results especially considering the high-grade returns from the 2021 and 2022 sampling programs.
With a low-cost strategy and an extremely experienced management team on top of these projects, the current $1.8M market cap reflects a huge amount of upside for the company, especially with the spring exploration program for Tabor starting in May. Lots to look out for here.