Breakout Alert: Monday February 6, 2023 H.C. Wainwright Issued Analyst Coverage on (NYSE: GLDG)
Issuing a âBuyâ Rating with $5.25/share Price Target [(Representing approx. 356% in Upside Potential From Current Price!)]( ATTENTION: GLDG GRABS ALL THE SPOTLIGHT AS IT TRADES PRE_MARKET! Hi 10XProTrader Member, Monday Morning... This is Kevin Vander with â10XProTraderâ delivering you your new premium alert for Monday 2/6 - trading session is GoldMining Inc. (NYSE: GLDG) Make sure you have (GLDG) pulled up on your trading screen this morning because I anticipate that we could see pre-market trading action take place before the market officially opens at 9:30am. REMEMBER I said what I said above. And sure enough, (DLDG) did grab the spotlight by trading pre-market like I anticipated it would. ----------------------------------------------------------------------------------------------------------------------- Analyst Bullish On GoldMining (NYSE: GLDG), Following Latest Blockbuster News Of Huge Discovery Estimate Upgrade Tripling its Gold Equivalent Investment Research Analyst Heiko Ihle at H.C. Wainwright issued Analyst coverage on GoldMining Inc. (NYSE: GLDG) issuing a âBuyâ rating with $5.25/share price target! (Representing 356% in upside potential!) [Read Full Analyst Report here]( This GoldMining (NYSE: GLDG) Just Tripled Its Resource! GoldMining Inc. (NYSE: GLDG) currently trading around $1.15 per share in a rising gold market â has tripled the Inferred Mineral Resource Estimate (MRE) at its 100%-owned La Mina gold-silver-copper project located in Antioquia, Colombia, to 1.45 million ounces of gold equivalent (AuEq). On January 23, 2022, the company announced that it tripled Gold Equivalent Inferred Resource Estimate to 1.45 Million Ounces at La Mina Project with La Garrucha Discovery. - From the press release: La Garrucha deposit adds approx. 1.0 Million oz AuEq in the Inferred category and 0.2 Million oz AuEq in the Indicated category. Also, GLDG has updated the Mineral Resource estimate inclusive of La Garrucha positions La Mina with 1.15 Million oz AuEq Indicated and 1.45 Million oz AuEq Inferred resources. Alastair Still, CEO of GoldMining, commented, âWe are extremely pleased that the Company's first exploration drilling program at La Mina has identified a significant discovery!â ....âThis Exciting Discovery has Exceeded our Expectations!â Tim Smith, Vice President, commented, âThe updated Mineral Resource estimate at La Garrucha represents an unqualified success for the Company!â Image by GoldMining Inc. via Corporate Presentation January 2023 Page 17 Just in case you have not been keeping your eye on the Gold sector, the Gold Sector has been soaring. Gold stocks have seen over 50%, 100%, 200% and higher just in the last couple of months. Not only is gold trading 40% higher at just under US$1,900 per ounce plus level but the companyâs resource base, as noted in the below table, is among the largest weâve seen in the junior gold sector. With gold prices heating up, GoldMining Inc. continues to be one of the more active companies in the junior gold space. Image by GoldMining Inc. via Corporate Presentation January 2023 Page 5 That being said, GLDG chart seems to potentially be in a very undervalued position with bullish indicators, as the chart shows its no stranger to monster runs: GLDG has a 14 day RSI of 42, and has entered âBULLISHâ Territory. Because of This, GLDG could be poised to potentially experience a BULLISH BREAKOUT. Symbol: GLDG Company Name: GoldMining Inc. Breakout Catalyst: (+++) Analyst $5.25 Price Target Analyst Coverage: H.C. Wainwright About GoldMining Inc. The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. The Company also owns more than 21 million shares of Gold Royalty Corp. (NYSE American: GROY). There Are Several Potential Catalysts In Play Right Now
That Could be Key Factors For GLDG Breakout GoldMining Inc. (NYSE: GLDG) 32M gold equivalent resources are currently priced for less than $2.95/ounce and the potential rerating of these projects are, in my mind, the company's most undervalued asset. Even if you completely disregard the secret catalyst that I'm about to show next and just what I said above is enough to rank GoldMining Inc. (NYSE: GLDG) as the No. 1 junior explorer/developer breakout stock, in terms of risk versus reward, in my opinion. I don't know of any other company, whose gold resources are priced at $4.10/oz, which is 85% BELOW the industry average! It is our belief that Jim Simmons and his Renaissance Technologies, are not only fully aware of this massive discount, but may also be holding their positions, because of the secret catalyst that I'm sharing below. GoldMining Inc.'s (NYSE: GLDG) management is going to great lengths to prove their resources are updated. The company is set to release preliminary economic assessments (PEA reports). The significance of this is monumental because, with those, comes the possible moment, when 32M ounces are re-rated upwards, which would mean the stock trades much higher, as the industry average is between $30/ounce and $40/ounce, which, mathematically speaking, would make GoldMining Inc.'s (NYSE: GLDG) market cap over approx. $900M, not the mere $190M that it is today! What I'm telling you is the management is DIRECTLY HANDLING the single-most important item on the agenda! The secret catalyst that only astute investors researching GoldMining Inc.'s stock know of is that the company's cash and marketable securities holdings include 20M shares of (NYSE: GROY), the fastest-growing gold royalty corporation in the stock market! As of today, 20M shares of GROY are worth approx. $55M. If that company gets valued for similar multiples to its peers, GoldMining Inc. (NYSE: GLDG) could see this portfolio holding alone grow from today's valuation and reach a size that is higher than what GoldMining Inc. (NYSE: GLDG), in its entirety, is valued at today! That's mind-boggling just to comprehend the upside of this catalyst! In other words, with GoldMining Inc., one is diversified, by definition, between a portfolio of 32M ounces of gold equivalent resources, priced for just over $4/ounce and here's the math: - Market Cap: $190M - GROY position size: $55M - Cash: $4M - Enterprise Value: $130M - Price one is paying for gold resources: 130/32 = $4.06/ounce That's a secret catalyst that makes a huge difference, and I don't know of any other junior gold stock that can offer a similar advantage! Image by GoldMining Inc. via Corporate Presentation January 2023 Page 3 GoldMining Inc. (NYSE: GLDG) is my No. 1 junior explorer/developer breakout stock, trading for USD$1.15/share with a recently-issued analyst price target of USD$5.25/share! (Representing approx. 356% in upside potential) GLDG Has â7â Key Potential Breakout Catalysts That Provide A Very Bullish Outlook! - Latest Blockbuster News of Huge Discovery Estimate Upgrade: Tripled Gold Equivalent Inferred Resource Estimate to 1.45 Million Ounces at La Mina Project with La Garrucha Discovery. - H.C. Wainwright issued Analyst coverage on GoldMining Inc. (NYSE: GLDG) issuing a âBuyâ rating, with a price target more than double its close price on Friday of $1.15 representing 356% Gains. - Creation of Gold Royalty crystalizing over $100 Million in value. - One of the largest portfolios of gold and gold-copper resources of any junior explorer/developer. - Strengthened Technical Team and Board with decades of experience to help advance portfolio. - Potential realization of US$16.5 Million in value through option agreement with NevGold for the Almaden Project, Idaho. - Creation of U.S. GoldMining to advance and unlock value of the multi-million-ounce Whistler project in Alaska. H.C. Wainwright issued Analyst coverage on
GoldMining Inc. (NYSE: GLDG) Issuing a $5.25/share Price Target [ (Representing approx. 356% in Upside Potential) ]( I am urging all of my members to add GLDG to the top of their trading watch list right now. Stay on the lookout for my next email/sms update regarding (GLDG). and the explosive bounce I predict is coming right around the corner. 10X Your Wealth, Kevin Vander
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