This is the making of a speculator’s dream.
In 2019, I called this company a gold lottery ticket, and now we’re seeing our numbers start to hit in the gold market, which I believe can really play out in our favor.
Now that we’re looking at a world where gold has gone above a spot price of $1,600, I don’t think I need to work as hard as usual to convince my readers that this bull market is happening.
As a result, I will not focus on that today.
Instead, let’s do something with that information. I hope you’ve taken what I’ve said about owning precious metals and at least considered acting upon it by now.
If you’re looking for speculative upside, some higher risk, and higher rewards, look at the mining companies.
Our story today has to do with Joseph Carrabba, a man who actually resigned from his high-level position in Newmont, the world’s largest gold miner, to FOCUS on an early-stage, high-growth opportunity.
Not only that, Joseph was the chairman and CEO of the company Cleveland Cliffs, whose share price started at $10 and went to over $130 per share!
This is the new chairman of the board of Winston Gold Corp. (CSE: WGC & US: WGMCF), whose current market cap is only CAD$13.8M.
Winston Gold is now only months away from production, with an estimated cost of production at $800 on the high side.
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By May of this year, the plan for the company is to be a producing gold miner.
In the beginning, the pace will be 80 tons/day, yet with development and more shifts, that number will nearly QUADRUPLE and reach 300 tons/day by December. Since the recovery is about 33% (the estimated grade is 0.3 OPT), that translates to 90 gold ounces every single day.
At that rate, Winston Gold will generate around USD$66.76M in 2020. Using 200M shares as our rounded-up number for calculations, that comes out to 3c/share in earnings.
Miners trade at a multiple of 10-20, so taking the conservative approach, we reach a share price of USD$0.30. The price is currently ONLY USD$0.05.
Joseph didn’t own a single share of Winston Gold until he visited their property in late 2017. Today, he owns just under 25 million shares!
Not only did Joseph commit nearly a million dollars to this deal, he recruited some of his closest business associates for another 20% of the company, looking to turn this into his next MAJOR winner.
Right now, we have the opportunity to purchase shares on the market for what I believe to be incredible valuations and stand side-by-side with the convictions of Joseph Carrabba, with the tailwind of what is turning out to be a spectacular bull market.
For accredited investors, there is an opportunity to participate in a private placement directly with the company which does come with a distinct advantage.
The offering will allow investors to acquire shares for CAD$0.08 and have risk free exposure to the company with 5 year CAD$0.12 warrants.
I couldn’t be more excited about what we are seeing here in 2020.
Nothing will be more rewarding for my readers than a rip-roaring bull market in gold.
Immediate Investment Alert: Consider Shares of Winston Gold Corp. (CSE: WGC & OTC: WGMCF).
Chief Editor, CrushTheStreet.com
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We are not brokers, investment or financial advisers, and you should not rely on the information herein as investment advice. If you are seeking personal investment advice, please contact a qualified and registered broker, investment adviser or financial adviser. You should not make any investment decisions based on our communications. Our stock profiles are intended to highlight certain companies for YOUR further investigation; they are NOT recommendations. The securities issued by the companies we profile should be considered high risk and, if you do invest, you may lose your entire investment. Please do your own research before investing, including reading the companies’ SEC filings, press releases, and risk disclosures. Information contained in this profile was provided by the company, extracted from SEC filings, company websites, and other publicly available sources. We believe the sources and information are accurate and reliable but we cannot guarantee it. You should know that we have been paid fifty thousand dollars from Winston Gold Corp. as consideration for a ninety day digital marketing campaign, which includes this communication. You should know that we own seven million, one hundred and fifty five thousand shares of Winston Gold and three million warrants, with a strike price of ten Canadian cents, purchased through two private placements. We will only sell shares after a minimum of four weeks after an email marketing campaign. In the past, Winston Gold has compensated us (and/or our affiliated companies Future Money Trends and Gold Standard Media) a total of one hundred and fifty thousand dollars (in twenty sixteen) for prior, now concluded, marketing campaigns.
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