Just bought after reading a nice article where AUAU was the first pick.
https://seekingalpha.com/article/4499772-5-stock-picks-to-ride-commodities-super-cycle
Kinross invested C$4 million at a price of C$.40 and has become a 9.9% shareholder in Allegiant. They also receive warrants to purchase an additional 10 million shares at C$.70, which would give Allegiant another $7 million in financing.
Allegiant has agreed to allocate no less than 80% of the investment by Kinross for the advancement of the newly discovered high-grade zone (“HGZ”) at Eastside. This is smart as it's where Allegiant produced stellar drill holes reported in 2021
Another positive: Insiders own 10% of the company, which is great as I love to see insiders have skin in the game, and insiders were recently buying shares in the public market.
I am absolutely bullish on Allegiant Gold here ahead of its Eastside drill results and I view the Kinross investment as a major third-party endorsement of Allegiant's assets.