Zardiw
3 months ago
$USAU ........MAJOR Gold and Copper reserves in CK Gold Project........expect rising prices.......
US Gold (USAU) is Sitting on a Substantial Gold-Copper Opportunity
By: Barchart | May 16, 2024
Poised to become a 100,000+ ounce annual gold-copper producer with its 100% owned CK Gold Project in Wyoming, US Gold (USAU) is sitting on a substantial opportunity.
Located in Wyoming’s Silver Crown Mining District, CK Gold’s pre-feasibility study estimated 1.01 million proven and probable ounces of gold, and about 248 million pounds of copper. In addition, CK Gold has a pre-tax net present value of about $323 million with a net present value of 39.4% internal rate of return, with gold and copper prices at $1,625 and $3.25 respectively.
Breaking News: US Gold Was Just Issued a Surface Gold Mine Permit for its CK Gold Project
In early May, US Gold was issued a surface gold mine permit for the development of its CK Gold Project from the Wyoming Department of Environmental Quality.
"Having previously been granted the Industrial Siting Permit in June last year and now the Mine Operating Permit, we have cleared the major regulatory hurdles towards project development," CEO George Bee said.
“Work to meet final authorization for development is well underway. The remaining conditions are the approval of the reclamation bond which has already been submitted, the Wyoming Pollutant Discharge Elimination System permitting process, which is in the final stages of approval, and the WDEQ Air Quality Division permits, where technical work is under review. We remain on track to receive the necessary permits around mid-year, as per prior guidance,” he added.
Moving forward, the final detailed engineering and CK Gold Project development are expected to begin in the latter part of 2024. There’s also the potential to put the operation into production by 2026, as noted by the company.
And while CK Gold’s gold news is exciting, we can’t overlook the tremendous potential of US Gold’s potential 248 million pounds of copper.
CK Gold May Hold Enough Copper for a Million Electric Vehicles
With the potential for 248 million pounds of copper at CK Gold, US Gold could hold the key to global plans for renewable energy and electric vehicles.
According to the Copper Development Association, gas-powered cars need about 18 to 49 pounds of copper. Electric vehicles need as much as 183 pounds, with hybrids requiring more.
In addition, 248 million pounds of copper could create a good deal of stability for supply chains.
Also, with the current copper supply-demand issue, analysts at Citi are projecting that it could run 75% higher by 2025. Even Bank of America analysts forecast that the higher renewable energy targets would boost copper demand by an extra 4.2 million tons by 2030.
Some of its other projects include its Challis Gold Project in Idaho, and its Keystone Project, located on the prolific Cortez Gold Trend – which is considered to be one of the most highly prospective mineral trends.
And while all have substantial potential, CK Gold is its standout crown jewel at the moment.
US Gold’s Keystone Project Also Has Untapped Potential
Jumping back into US Gold’s gold story, the company’s Keystone Project is located on Nevada’s Cortez Trend, one of the most prolific gold mining trends and also home to some of North America’s biggest mines.
“The Keystone project is an under-explored, early-Tertiary, complex intrusive-centered, large gold-bearing hydrothermal system developed in domed permissive, lower-plate, carbonate host rocks. U.S. Gold Corp. has consolidated this entire prospective gold Cortez Trend district currently with 20 square miles of mineral rights control. This is the first time in history of the district that both the entire district has been consolidated by one company, and is being evaluated by systematic, comprehensive, model-driven exploration,” says US Gold.
Immediate term, the key to US Gold’s success is its crown jewel, the CK Gold Project.
With gold and copper prices at record highs, and more news from US Gold expected shortly, keep an eye on shares of USAU.
Z
conix
5 years ago
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 start your research on 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.
More to come soon...
The Team
DISCLAIMER
This website/newsletter is a wholly owned subsidiary of Small Cap Specialists LLC, herein referred to as SCS 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: SCS 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 SCS LLC, its operator’s 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. SCS 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 SCS 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 SCS 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. SCS LLC is compliant with the Can Spam Act of 2003. SCS LLC does not offer such advice or analysis, and SCS 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 and extremely high degree of risk. It is possible that an investor’s 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, SCS 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. SCS LLC 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, SCS 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. SCS LLC is not responsible for any claims made by the companies advertised herein, nor is SCS LLC responsible for any other promotional firm, its program or its structure.
SCS LLC is not affiliated with any exchange, electronic quotation system, the Securities Exchange Commission or FINRA.
Deepdig
6 years ago
Insider Holdings, Project Update All Good.
The following site details the major insider holdings. All are up this year percentage and share wise. No sells. IMHO, this bodes well for future. A large percentage of executive compensation is via shares, which is also positive. The large increase in compensation in 2018 is disappointing because it is completely disconnected with share price, however, because it is largely share-oriented, it could also bode well in 2019 and beyond.
http://insiders.morningstar.com/trading/insider-activity.action?t=USAU®ion=usa&culture=en-US&ownerCountry=USA
Wyoming project area expanded by a couple hundred meters by this summer's drill result, which will only improve the already-great NPV. There is little reason not to either push aggressively forward towards mining this thing or package this deposit separately and sell to already established miners like FCX. Even at 30cents on the NPV dollar, this sale would still fetch somewhere around $52.8 million/19.5million outstanding shares over-all in USAU = +/-$2.70/share for USAU and they retain the tremendous NV Cortez exploration concession!
NV received EA to proceed with further exploration on Cortez trend, which is also in LION country as far a gold prospects go.
Both NV & WY are in mining-friendly states.
As painful as this one has been to keep cost-averaging downward, I think it has one of the more promising prospects out there.
Institutional ownership is also up over-all from a year ago.
However, shorts have been hammering this one this year, with almost 10days to cover current short position. Should gold continue its upward trajectory and USAU starts to break out, could be a double bonus with the short squeeze.
Holding and adding when it gets totally beaten down...