- Pure Gold Mining is one of the top-performing gold stocks in 2020, up over 220% year-to-date.
- The company recently announced it had delivered the first ore to its mill, with first gold production scheduled for this month.
- However, while the company has done an exceptional job moving to first production with modest financing, the stock is now significantly overvalued after a 220% run in 2020.
- Therefore, I see no reason to chase the stock here above US$2.25, given that the stock is priced for perfection at current levels.
For further details see:
Pure Gold Mining: Priced For Perfection