Rampant Inflation, Economic Blockades and Political Upheaval Across Europe Sends Gold Soaring Towards $2,000

Editorial Feature | March 8, 2022 | Economy

Gold is Back in a Big Way
  • With Vladimir Putin pursuing plans to rebuild the Soviet Union, and military action tearing across Europe, the west has declared financial war with Russia.
  • Escalating sanctions from the U.S. and European Union have blocked Russia’s Central Bank from using emergency reserves, and Russian banks from using the SWIFT network. Even Visa and Mastercard have joined in the action, barring a handful of financial institutions from their payment platform.
  • Gold is no longer a special situation trade. A perfect storm of record high inflation, economic instability, and global conflict have sent gold prices on a tear.
  • And its drawing renewed investor interest to undervalued junior gold explorers whose share prices failed to lift, even on news of major discoveries, while gold prices remained stagnant.

“People aren’t in this space to double their money. They’re in this space to make 10-fold their money.”

— Jan 29, 2021, gold stock tycoon Jeff Phillips

This is a rare moment for investors who have been sitting on the sidelines, waiting for gold to make its next big move.

And it’s centered around what could be the greatest mispriced gold opportunity of this or any lifetime. A stock that’s priced in pennies instead of dollars.

That’s why farsighted natural resource investors need to quickly focus on Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD).

Because, at this moment, most investors still think Golden Independence is an exploration company. It is not.

It’s found as many as 1.18 million ounces of gold in Battle Mountain, Nevada, that have a raw value of at least $2 billion.

With more than 200 drill holes logged, and $37 million spent over the years, the company doesn’t need to explore anymore. Today it’s focused on developing a mine, which means it could be less than a year away from starting mining operations.

The first step would be to grab the estimated 195,443 ounces of near-surface gold, which, after the cost to mine it, could generate about $198 million in operating cash flow at today’s prices.

There’s a big reason confidence is so high in Golden Independence’s future. In order to get to its developing mine, you have to drive through the security gate at Barrick Gold’s massive Nevada Gold Mines project. The two properties are so close they share the same access road.

It also means that Golden Independence can ride Barrick Gold’s coattails for environmental and water approvals and permits because the entire project resides within Barrick’s permitted Plan of Operations.

This could be the brief moment before could Golden Independence files for the permits that would allow it to mine a proven gold-rich Nevada property.

The Results Are Beyond Encouraging

Unless you rent a helicopter, there’s only one way to approach Golden Independence’s Battle Mountain, Nevada property. You must drive through Barrick Gold’s security gate.

Barrick’s Nevada Gold Mines open pit is a third of a mile from Golden Independence, and Barrick engulfs their property on all sides. Barrick has claimed it intends to mine 2 million ounces a year from its Nevada properties, and so far it has been hitting that goal.1

As a small company, Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) has more modest goals. Plans for its initial foray into Nevada mining call for a near-to- surface mine.

It’s one, however, that could be extremely lucrative.

A 2021 Preliminary Economic Assessment outlined a low-cost mine, with a six- year life with a total production of 195,443 ounces of gold. The assessment figured it would cost $1,078 all-in to mine each ounce of gold.

From an investor’s point of view, that means Golden Independence could be sitting on about $198 million in operating cash flow or $31 million a year.

$28 Million Worth Of Silver Sitting Under The Surface

One of the great things about gold mining is that there are usually other metals buried in all that dirt and rock that’s being dug up.

A lot of times it’s copper. But in the case of Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) it’s a silver lining.

Because the same 2021 Preliminary Economic Assessment that estimated all the gold near to the surface also produced 1.3 million ounces of silver.

Today, silver trades in the $25 range. People don’t typically look at silver as a store of wealth or a hedge against inflation, so let’s set the potential value of this huge pile of silver at the 10-year average of $22.10.

That comes out to be a $28.3 million bonus.

Another $1.6 Billion In Underground Gold

For a small company like Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) that’s the kind of profit that could finance the operations that goes after the big game hidden deep in the earth.

There could be, at today’s prices, about $1.6 billion in gold underground in Golden Independence’s Battle Mountain property.

After more than 200 drill holes were logged, to the tune of $37 million spent over the years, the company reported in a regulatory filing that as of December 2021 it had an Inferred Resource of 796,200 ounces of gold.

For a small exploration company like Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) currently valued at under $10 million and selling for less than 10 cents per share, a discovery like this could represent potential windfall profits for investors.

And it’s all due to big-gain hunters’ favorite word… “leverage.”

The Power Of Leverage

While gold prices are now soaring at an outrageous pace, it’s actually the smaller gold stocks that look to have the longest runway.

Because while the price of gold has jumped 16% in the past year… the shares of junior gold explorer stocks have the potential to soar 10X, 50X, even close to 100X higher than that.

More than just about any other business class, a junior exploration company’s value grows sharply and predictably as its projects progress through each stage from discovery to mineable resource.

Milestones like drill or assay results, resource expansion, or in the case of Golden Independence, expectations of near-term production, can light a fire under share price. And it happens fast.

For example…

  • West Vault Mining (OTC: WVMDF), an early-stage exploration company with a project in Nevada, also saw its shares jump 165% in two years, from $0.35 a share to $0.93.
  • The shares of Arizona Metals Corp (OTC: AZMCF), another exploration stage company, jumped from $0.70 last January 2021 to $5.27 a share in March 2022 – a gain of 650% in just over a year.
  • And Goldquest Mining (OTC: GDQMF) is up almost 200% in the last 6 months, between October 2021 and March 2022

When you look at all these gains, what should jump out to you is that they represent a master class in the power of leverage.

Because, while gold stalled through most of 2021, investors could have cashed in sensational gains with these junior gold stocks.

That is the power of leverage… and the way 2022 is shaping up, your leverage with junior gold stocks such as Golden Independence will only gain strength.

That’s because the forecast is for gold prices to make history again… to jump past the all-time high of $2,036.

What Does This Mean For Investors?

Compared to similar companies at this stage of development, Golden Independence is way ahead of its peers – with drilling already completed and estimated resources of 1.3 million gold-equivalent ounces.

Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) is currently trading at a 70% discount to its peers – and could be a very attractive candidate for a “swing for the fences” trade.

As governments continue to spend trillions of dollars and gold potentially soars past $3,000 and ultimately hits $5,000 an ounce, the payday could be extraordinary.

That Is why there are…

9 Reasons Why Both Gold Investors And Trend Investors Need To Put Golden Independence (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) On Their Radars Now

  1. Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) is located in one of the best gold-mining locations in the world, next door to some of the most profitable mining operations in the world.
  2. It just released a Mineral Resource Estimate (MRE) that indicates its project has 1.18 million ounces of gold plus 7.6 million ounces of silver.
  3. A 2021 Preliminary Economic Assessment outlined a low-cost mine, with a six-year life with a total production of 195,443 ounces of gold. From an investor’s point of view, that means Golden Independence could be sitting on about $200 million in net profit just from the surface alone.
  4. The same assessment found that, at today’s prices, there could be about $1.6 billion in gold deeper in Golden Independence’s Battle Mountain project.
  5. Gold is still a widely favored asset class to invest in during in times of uncertainty and rising inflation.
  6. Due to a record $6 trillion in proposed deficit spending in the U.S. by the Biden Administration, many experts predict that gold could soon hit record highs.
  7. While cryptocurrencies such as Bitcoin have seen 500% gains in recent years, some gold mining stocks have historically produced even bigger profits – as high as 6,700% or more.
  8. The smart money believes that we could be in the midst of the most significant gold bull market of all time – and are recommending junior gold exploration stocks for the biggest potential returns.
  9. Significantly undervalued compared to its peers and selling for less than $0.10 per share, Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD) has the built-in potential to more than double your money just due to its low share price alone. If its drilling program goes as planned, then all bets are off. Shareholders could potentially see a substantial return.

This could be that golden moment when a small gold explorer hits the big time.

Just as a confluence of events drives the price of gold higher… global conflict, meets a weak dollar, high inflation, and spiking national debt.

Gold thrives during times of fear and inflation. It could be heading to $4,000.

Talk to your broker or adviser about this trend… it’s likely they’ll show you the same research you’ve just read here.

The facts are lining up. Now is the ideal time to make a move on Golden Independence Mining (OTC: GIDMF, CSE: IGLDOTC: GIDMF, CSE: IGLD).

1https://www.barrick.com/English/news/news-details/2022/barrick-delivers-on-production-targets-for-the-third-consecutive-year/default.aspx

 

 

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