You’ve got to sift through literally hundreds of stocks to get to the really good ones. It’s time-consuming, but I don’t mind doing the legwork because those few outstanding companies deserve to be in the spotlight.
The gold mining sector is the first place to look for these opportunities because the market tends to reward early investors with substantial gains; I’ve sent alerts on resource-sector stocks that have gone up 2x, 5x, or even 10x within months or a few years. These are gains that you’ll never see in large-cap index funds, but stock pickers can make life-changing returns if they react quickly.
I’m upgrading my position in Gold X Mining Corp. (TSX-V: GLDX & OTC: SSPXD) because the upside potential of the shares is just too big to ignore. By keeping costs low with ultra-efficient, modern equipment in a historically past-producing region, Gold X is basically giving an early holiday gift to stockholders because the current share price is a truly unusual bargain.
None of Gold X’s peers even come close to this company’s enterprise value in relation to the gold price. Ounce for ounce and share for share, you simply won’t find a better value – and a better opportunity – than Gold X Mining Corp.
Courtesy: Gold X Mining Corp. Investor Presentation
Much of the company’s value is derived from its flagship asset, the Toroparu Project. This is the largest gold project in South America that’s owned by a junior mining company, and it’s situated in the mineral-rich Guiana Shield – a profoundly underexplored region and one of the most prospective in the world for large-scale gold discoveries.
It’s also a strongly de-risked project, as Gold X already has environmental authorization and a mineral agreement in place, as well as a strong, ongoing relationship with the government of Guyana. The region has already demonstrated exploration success, and Gold X is moving quickly along the timeline to develop the vast multi-million-ounce Toroparu Project.
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Investment in Gold X is de-risked even further due to an agreement with Wheaton Precious Metals, which has contributed $153.5 million towards the project. Through project financing and a business model focused on low-cost development, Gold X Mining Corp. is able to deliver robust cash flow whether the gold price goes up, down, or sideways.
Courtesy: Gold X Mining Corp. Investor Presentation
I’m expecting the gold price to increase substantially over the coming months and years, which is why I’m profiling Gold X Mining (GLDX/SSPXD). Since the stock is trading below its actual value, I expect any gains in the price of gold to be magnified in Sandspring shares.
These are the rare opportunities that make all of the research worthwhile: I’ve discovered a gold project with potential near‐term production in a historically productive, mining-friendly jurisdiction – and the stock isn’t anywhere near where it ought to be trading by any objective measures.
The EXPERTS know this and they’ve grabbed up some shares, but there are still shares available before the price catches up and the stock’s only available at a higher price. For now, you can own a piece of a company that’s still an undiscovered treasure – I can’t resist a sale, and Gold X stock is the sale of the century.
Research Partner, PortfolioWealthGlobal.com
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No matter how good an investment sounds, and no matter who is selling it, make sure you’re dealing with a registered investment professional. Use the free, simple search at investor.gov
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Never base any decision off of our advertorials.Portfolio Wealth Global stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We have been compensated by Gold X three hundred thousand dollars for online marketing. We also own shares of Gold X purchased on the open market and their recent private placement. In the future, we may be buying or selling shares without notice. Assume we could be selling shares if you’re seeing this thirty days since its publishing date. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at PortfolioWealthGobal.com