Nexus Uranium Corp C.NEXU

IGLD is a take-out candidate - how you can capitalize

[Swedeprof]

WIth the recent gold exploration take-outs by majors, and important to note at a very nice premium I wanted to point out IGLD as a great investment opportunity:

Newmont to Acquire GT Gold in Agreed All-Cash Transaction

https://www.globenewswire.com/news-release/2021/03/10/2190281/0/en/Newmont-to-Acquire-GT-Gold-in-Agreed-All-Cash-Transaction.html

Battle North Gold Corporation to be Acquired by Evolution Mining Limited

https://www.newswire.ca/news-releases/battle-north-gold-corporation-to-be-acquired-by-evolution-mining-limited-818916984.html

What makes IGLD (Golden Independence Mining) worth investing in.

• Everyone investor's goal is to buy low and sell high! IGLD has come off the bottom from 2 important facts that can explain the sell pressure previously. IGLD had warrants that were significantly in-the-money, and they exercised the acceleration clause to bring money into the company quickly, but also to remove some warrant overhang. In addition they had a placement that became free trading in January which obviously cause selling pressure..... couple those issues with the bad markets end of Feb and early march has caused IGLD to come off of deep lows and being WAY undervalued. Check the chart:

• Ok so based on technicals we have establish this looks like an attractive entry. What possibilites and catalysts will drive the share price higher.... IGLD has a historic Measured & Indicated resource of 210,400 ounces of gold at 0.5 g/t plus Inferred Resource of 862,200 ounces grading 2.9 g/t. They have been drilling constantly and have started releasing the assays... These holes are excellent grades and many are near/at surface. CEO Christos Doulis. “These results support our model that higher grade areas within the oxide zone are the result of vertical fracture structures linked to the deeper sulfide mineralization and reinforce our belief that results from our recent drill program will significantly expand and increase the historic oxide resource at the Independence Project." This 43-101 resource update is expected by end of April 2021

• The project is located adjacent to Nevada Gold Mines. A JV between Newmont and Barrick. It's literally a stone's throw away from this active mine complex. " Fully-permitted for exploration and development drilling of over 160 drill holes (from 80 drill sites). Expedited project development for a heap-leach operation as the project lies within Nevada Gold Mines’ (Newmont-Barrick JV) approved Environmental Impact Statement (EIS) and Permitted Plan of Operations."... This is majorly important because once IGLD expands the resource, completes a PEA they will be an indeal take out target. The project is an excellent project but because of the size it is more realistic for it to be acquired and merged into the Nevada Gold Mines since majority of permits already cover the IGLD property.

 

Summary

how will shareholders make money:

1. Owning the stock now, near lows.

2. Let the assays drive price higher. Then we will have a 43-101 compliant resource estimate which could increase the existing resource size by 50%.

3. PEA will come shortly there after.

4. potential take out, at a premium

[austrochris]

Nice summary !