| Our new alert is on FIRE up over 100% on day one, updated report USAU Releases Update on Copper King Project Gold prices are rising and gaining traction Good day everyone, We are continuing our coverage of U.S. Gold Corp. (NASDAQ: USAU) a gold, copper, silver, and zinc exploration and development company. Current price $7.40 per share Shares outstanding (est.) 2.44M Float (est.) 2.07M Insider ownership 14.89% Yesterday was a good day for our members and U.S. Gold Corp. USAU shares were the top NASDAQ gainer through a good part of the day. The shares gained significantly, bypassing their 20, 50, and 200 Daily Moving Averages hitting a high of $9.50 per share (+188%). The shares closed out the day at $7.40 per share (+122%). Yesterday we told you the USAU Copper King project in Wyoming has potential precious metal reserves of $200M. The company just revised that figure to $321.6M. Here is why: At $1600 gold and $2.80 copper, based on preliminary data, Copper King is projected to generate Pre-Tax Cash Flow of $510.54 million The Net Present Value (NPV), based on preliminary data, at a 5% discount rate, is projected to be $321.60 million The Pre-Tax Internal Rate of Return (IRR) based on preliminary data, is projected to be 52% At $1600 gold, Copper King deposit economics are 80% gold and 20% copper Those are impressive numbers for a company with a market cap under $20 million. And remember, Copper King is just one of the company’s four projects. Their other three projects, on the prolific Cortez Trend in Nevada, may be even more lucrative. Mark Mobius, from Mobius Capital Partners, said this week that he believes the recent drop in gold prices can be attributed to the same panic selling as stocks and oil fueled by coronavirus concerns. He further stated that selling gold right now could be a mistake and now may be a good time to increase gold holdings. Mobius suggests that we should be looking for bargains in the current economy and gold looks like one of those bargains. He also suggests that gold has underlying strength. The gold market seems to agree with Mobius. Last Thursday, March 19th, panic selling drove gold prices down to $1471 per ounce. As the chart below indicates, gold prices rebounded very quickly to over $1600 per ounce. We believe that, after some panic selling, investors may be coming to grips with the fact that gold is a “safe haven” investment. These factors may contribute to USAU shares getting even more traction: Above, we said the company projects that a developed Copper King could generate $510 million in pre-tax free cash flow. How much could THAT be worth to an acquiring company? We don’t know that answer, but we suspect it may be many multiples of the current market value. In November 2019, HC Wainwright issued a “buy” rating with a split adjusted target price of $27.00 per share. There are only 2.07 million shares in the public float. Competition for USAU shares may create further traction. Yesterday’s trading volume exceeded the daily average by a factor of 40X. Forecasts for gold prices (you can google sources) seem to have a consensus price of $1700 by the end of 2020 and, incredibly, over $5000 in this decade. The shares are still short of their 200 DMA of $8.53 per share. All the USAU management team have prior experience in the gold sector and their board of directors all have connections to the big players in the mining sector. If USAU wants to entertain an exit strategy, these seasoned pros know who to call. Even with yesterday’s nice gain, we feel USAU shares could get nearer to the analysts target of $27.00 per share. U.S. Gold has viable and valuable mining claims and may not remain at an $18 million market cap for long. The Traders News Group ______________________________________________________________ Micro Float, Recent Reverse Split, Junior Gold Miner, NASDAQ Stock USAU may be a value gold investment right now. Good day everyone, We are initiating coverage of U.S. Gold Corp. (NASDAQ: USAU) a gold, copper, silver, and zinc exploration and development company. “Cortez Trend is one of the most prolific gold producing areas in America” Current price $3.37 Shares outstanding (est.) 2.44M Float (est.) 2.07M (Post R/S completed March 19th) Insider ownership 14.89% The company’s properties include the Copper King project, an advanced stage gold and copper exploration and development project located in southeast Wyoming; Keystone project, an exploration property on the Cortez Trend in Nevada; the Gold Bar North project, a gold exploration property located in Eureka County, Nevada and the recently acquired Maggie Creek project also located on the Cortez Trend. USAU has four mining projects. Briefly, the Cortez Trend is one of the most prolific gold producing areas in America. Both Barrick Gold and Newmont Corporation mine gold there. The Wyoming Copper King project has reserves in metals estimated near $200M. Detailed information on the USAU properties is available at the company website: https://www.usgoldcorp.gold/properties Gold and other precious metals may be the asset class that dominates the next decade. Make no mistake, the current coronavirus pandemic will have a long-term economic impact. Precious metals have taken a hit recently, just like other asset classes. We believe that, as other asset classes remain soft, precious metals will rebound quickly as investors seek a safe haven. When we discuss precious metals, we are primarily talking about gold. Gold is the most widespread investment area in precious metals. Some analysts are predicting future gold prices near $5,000 per ounce. If gold should spike in price due to high demand, gold miners may do whatever it takes to get more of it out of the ground. They could ramp up production at their claims and buy up all the junior miners with claims showing potential. The worlds two biggest gold miners, Barrick Gold and Newmont Corporation have a combined market cap over $60 billion, even in the current market. Both companies need more mining opportunities. Why should you look at USAU stock now? Let’s start with the Warren Buffet axiom, “when everyone is selling, you should be buying” USAU just announced a 1-for-10 reverse split of its common stock, effective as of 5:00 pm Eastern Time, March 19, 2020. Beginning on March 20, 2020, the company’s common stock traded on a split adjusted basis. In November 2019, HC Wainwright issued a “buy” rating with a split adjusted target price of $27.00 per share. USAU shares are historically affordable right now and an investment in a gold mining stock can be easier than buying bullion with its inherent risks. The company has solid data to back up the potential of its projects and USAU has no debt. The USAU team is comprised of heavy hitters including The Honorable Ryan K. Zinke, 52nd Secretary of Interior. There are many indicators in the chart below that could indicate oversold shares. The current RSI (14) is only 26.59. The shares are trading below their 50 DMA and 200 DMA of $7.15 and $8.79 respectively. Trading volumes are increasing, and these shares may be trending. Your Friends at, The Traders News Group |
Privacy Policy and Disclaimer Your Consent By using our site, you consent to our online privacy policy and disclaimer. Do we disclose any information to outside parties? We hate spam and we do not sell, trade, or otherwise transfer to outside parties your personally identifiable information. What information do we collect? We collect information from you when you subscribe to our newsletter or fill out a form. This includes your email address only. When registering on our site, as appropriate, you may be asked to enter your: e-mail address What do we use your information for? When we collect your email it is used for one purpose to send you the free information you requested about small cap stocks. Please read our disclaimer carefully before viewing our emails. Your information, whether public or private, will not be sold, exchanged, transferred, or given to any other company for any reason whatsoever, other than for the express purpose of delivering the information on small cap stocks that you requested. We send periodic emails The email address you provide may be used to send you information, respond to inquiries, and/or other requests or questions. How do we protect your information? We implement a variety of security measures to maintain the safety of your personal information when you enter, submit, your email address. We use a secure third party to send email to you. Because we value your privacy we have taken the necessary precautions to be in compliance with the California Online Privacy Protection Act. We therefore will not distribute your personal information to outside parties without your consent. Online Privacy Policy Only This online privacy policy applies only to information collected through our website and not to information collected offline. Contacting Us If there are any questions regarding this privacy policy or disclaimer you may contact us using the information below. Editor@TradersNewsSource.com Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC. Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use. PLEASE NOTE WELL: TNS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever. Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. TNS LLC’s parent company has been compensated thirteen thousand dollars cash via bank wire by venado media llc for this weeks coverage of usau. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure. TNS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA. TNS LLC is not a Broker/Dealer and does not engage in high frequency trading. |
