- Gold has been breaking out of a multi-month triangle and now trades back around US$1,900. At the same time, the miners are still lagging.
- U.S. Gold Corp. is a smaller exploration stock, which provides a highly leveraged bet on gold and copper rising in price.
- Their Copper King project has a potential production of 100k ounces of gold per year, a strategic location in the safe jurisdiction U.S., a manageable capex, and accelerated permitting timeline.
- Multi-month correction seems to be done and a turnaround in the making. First realistic target for a recovery would yield in a gain of 39% over the coming four weeks up to three months.
For further details see:
U.S. Gold Corp.: A Highly Leveraged Bet On Increasing Metals Prices