For some, the bear market was a brutal winter that crushed poorly-positioned mining companies. I’m not just referring to companies, but investors alike.
There are some investors that are so scarred from what took place during the bear market that they have dismissed the precious metal sector indefinitely.
I understand that. Everyone needs to make their own decisions when it comes to their own investments, but I would suggest that if you endured the winter, you might as well stick around and be part of the spring and summer seasons of the bull market cycle.
I hope my readers aren’t ignoring what we are seeing with $1,550 gold: I’ll remind you that we’re now 50% higher than when gold bottomed in December of 2015.
There have been loads of companies I’ve witnessed fall by the wayside and be consumed by the bear market. They ultimately folded and are not in a position to take advantage of the turnaround we are seeing in gold.
GoldMining has been one of the most resilient companies I’ve ever had the privilege of covering.
I’ve been covering this company for years, and I have true conviction in the long-term plan for GoldMining, which I believe is playing out right before our very eyes.
For this company in particular, the bear market was a fortune-building opportunity at insanely discounted valuations.
Starting off in Brazil with its former name, Brazil Resources, GoldMining has expanded and is now in 5 different countries in the Americas.
Tech reports are at www.goldmining.com
Some of you know and many may not, but Amir Adnani, Chairman of GoldMining, is a rare breed of mining magnate and one I’d like my readers to attach themselves to for YEARS to come.
Amir Adnani is responsible for acquiring GoldMining’s projects for pennies on the dollar, accumulating an aggregate 10.5 million gold ounces (M&I) and 12.4 million gold ounces inferred while offering a potential extreme value situation for investors.
Amir is making a name for himself and will be the man to thank when this story plays out.
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Right now, the entire company is worth CAD$192 million, and just these projects returning to their previous peak 2011 valuations, will be a 4x return for investors, which I believe is a conservative projection considering I believe gold’s 2011 all-time high could be completely shattered in the next 12 months.
In fact, GoldMining’s resource on a per-share basis is the highest in the industry. With only 138 million shares outstanding, the company’s share structure is beautifully intact.
I would also add that GoldMining has $7CAD million in cash on hand and no debt.
The last time the company went into the market to raise money was all the way back in 2016, showing true resilience.
We’re talking about management that has been very conservative financially with its share structure and balance sheet.
The best example of this paradigm shift is with the optionality plays.
GoldMining has one of the LARGEST portfolios of total measured & indicated resources and inferred oz. across all projects when compared to its peers.
Reasons to Consider Shares in GoldMining Inc. (TSX: GOLD & US: GLDLF)!
- Ownership: Insiders and institutional money comprise 61% of company holdings. I’m talking about the KCR Fund, BrasilInvest, Sprott Global, IAMGOLD Corp., and legendary investor Marin Katusa.
- Strong Financials: GoldMining is currently sitting on $7CAD million in cash with a lot of cushion to maintain and advance their portfolio.
- Expertise: It has decades of cumulative technical experience in exploration, development, and mining, and strategic partnerships with organizations and local jurisdictions led by one of the top resource legends in all of the world.
- It’s a Value: The company is trading at a $192 million total market cap.
Consider shares of GoldMining Inc. (TSX: GOLD & US: GLDLF)!
Chief Editor, CrushTheStreet.com
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