The TOP Gold Stock to Watch in 2024 is NGLD: a Unique player with a unique business model.
With a growing portfolio and experienced management, NGLD may be one of the most strategic entrances into the gold arena and a royalty company uniquely benefitting on rising gold prices.
Did you know that stream and royalty financing has become a mainstream source of capital for the global mining industry? With gold having another bull run, now may be a good time to have Nevada Canyon Gold (OTC: NGLD) on your radar! NGLD is focused on acquiring royalties on smaller producing, pre-production or pre-resource properties, creating a royalty package by aggregating them under one roof, then selling the packages. This creates a much higher valuation as a package rather than individual smaller royalties, creating a much higher potential profit margin in the process. The potential upside profit margins are much higher in the pre-production royalties than that of the producing property royalties. NGLD management believes it can create substantial upside value to the initial capital and equity invested by the company with this low overhead approach and unique business model.
So, what makes NGLD stand out? A unique combination of royalty and streaming business stability and accelerator business competitive advantage. There are royalties and stream potential on over 30,000 square miles! The company is also focused on building and managing a diversified cash-flowing portfolio. Its management team has over 30 years of experience operating in Nevada, extensive contacts and knowledge within the mining industry, and expertise in mineral property acquisitions and divestitures. CEO Alan R. Day, B.SC, is one of Nevada's most respected and connected mining professionals. The current mineral royalty marketplace is highly active and competitive, with several "well-financed" small to upper-tier royalty and streaming companies trying to gain market share within the sector. NGLD's management does not intend to compete with these successful, well-financed royalty companies but instead will focus on becoming a source of royalty deals for them!
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