Yesterday, I showed you how silver’s chart points to a LITERALLY IMMINENT breakout to $21/ounce.
Silver is the best barometer of the level of speculative action in the mining sector. It is my personal belief that if it shatters resistance at $19.50, it is potentially destined to hit around $22/ounce, even in 2020 or 2021.
There’s no doubt that inflation is bottoming around the globe. In China, money velocity has gone NEGATIVE. This is the best time in history to bet on inflation, as we see it (no one else is).
By definition, things can’t get more quirky and odd.
This is the chart of gold, denominated in Euros:
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The dollar index has not returned even an eighth of that. Holding your savings in national currencies has been a colossal error in judgement. If gold goes up by an additional 16%, it will have SURPASSED its all-time high in dollars.
In 2019, the price gained 18%, and it is up by 5% already in 2020.
The trend is alive and well; extremely STRONG!
Next, the big miners have joined the rally, with many of them hitting 52-week highs and with some hitting ALL-TIME highs.
The next potential logical steps are silver and the smaller miners joining the move upwards.
This is the reason I’m so BULLISH on small-cap soon-to-be miners in 2020 – there are only a few gold companies that are PUTTING their projects into PRODUCTION.
I uncovered one of them that is currently trading for USD$0.06.
As we speak, with gold remaining FLAT at $1,643, I’m invested in a small-cap gold play whose BIGGEST shareholder is a former big-shot at Newmont Mining, and by May or June of this year, it is estimated to be test mining with a cost per ounce of $656 and AISC (All-Inclusive Sustaining Cost) of $800, which is incredibly cheap!
The project is PERMITTED and there are no foreseeable delays on the horizon, as far as we know. The CEO is actively raising funds to complete the tunnel leading to the two veins they’ll test mine (starting in May 2020, according to plan) and to renovate the mill they leased for the purpose of processing the tonnage.
The reason that virtually NO ONE else is talking about this is because the company isn’t a new IPO at all, BUT in the past year, it has undergone a 180-degree TRANSFORMATION that has been kept under wraps until now.
I’m a shareholder and own, along with my partners, a significant position as well. I want to show you why I believe 2020 is potentially LIFE-CHANGING and why 2021 could be even BIGGER.
If the biggest two risks the company faces — (1) inability to raise USD$3M and (2) a gold bear market — don’t materialize, by May of this year, gold will be mined from Parallel and Block 93, two of the four veins of the project.
In the beginning, the pace will be 80 tons/day, yet with development and more shifts, by December that number will nearly QUADRUPLE and reach 300 tons/day. Since the recovery is about 33% (the estimated grade is 0.3 OPT), that translates to 90 gold ounces every single day.
At that rate, in 2020, Winston Gold could have profits of around USD$7.6M – that comes out to 3c/share in earnings.
Miners trade at a multiple of 10-20, so taking the conservative approach, we reach a share price of USD$0.30. Currently, the price is ONLY USD$0.06.
This is why I personally own over a million shares myself and why I REFUSE to sell before 2021 at this point.
Consider shares of Winston Gold (CSE: WGC & US: WGMCF) and notice that the stock is illiquid.
Research Partner, PortfolioWealthGlobal.com
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