Tiny float, recent R/S, Junior gold miner in the Cortez Trend, with all-star management (NASDAQ: USAU) News out today as well!

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
 



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