CA - i-80 Gold: Investors Have Been Annihilated Where Do We Go From Here?
2024-06-13 16:42:18 ET
Summary
- i-80 Gold Corp. is a speculative gold miner with valuable resources but has diluted shares significantly through offerings.
- Despite declining share value, the company doubled revenues in Q1 and is ramping up drilling programs at key project sites.
- i-80 Gold's project sites include Granite Creek, McCoy-Cove, Ruby Hill, and Lone Tree, with potential for vast exploration upside and high-grade gold deposits.
- Numerous risks persist, this one is not for the faint of heart.
Today we are honing in on a speculative gold miner named i-80 Gold Corp. ( IAUX ). This company is sitting on some very highly valued resources, but has raised a lot of money to fund operations and has significantly watered down the investor base through dilute share offerings. The chart of the stock is abysmal, but with the strength of gold and silver prices of late, the resources that the company is sitting on are valuable. In this situation, we have a company sitting on Nevada's second-largest gold reserve. Of course, this is a favorable operating location, but sometimes that is not enough. We have here a case of a broken stock, but not necessarily a broken company, in our opinion. Let us discuss....
i-80 Gold: Investors Have Been Annihilated, Where Do We Go From Here?