Taylor Darts newest analysis about IAUX"i-80 Gold is a Nevada-based gold development company with high-grade assets but has underperformed significantly, particularly in 2024.
The company has raised C$137M this year due to a high cash burn and a less-than-solid balance sheet, impacting investor sentiment.
Despite financial challenges, i-80 Gold holds spectacular assets that the market currently undervalues.
Quarterly expenses are high, with finance expenses around $10M and cash burn approximately $20M, influenced by development and exploration costs.
This is only the third strong buy rating I have given out this year. The prior ones were MAG Silver (MAG) in March and Adriatic Metals (OTCPK:ADMLF) in early September, which have so far turned out well."
https://seekingalpha.com/article/4726441-i-80-gold-attractive-deep-value-opportunity