Fill the Till & Ready-the-Drills
Gold prices are rallying with gusto above $2,000 an ounce.
And Revival Gold (TSXV: RVG)(OTC: RVLGF) is now well funded – having just raised C$15 million in a bought deal by BMO Capital Markets – to advance its three million ounce Beartrack-Arnett Gold Project, Idaho.
Bolstered by gold’s impressive performance, Revival shareholders are enjoying the profit-ride with RVG shares quadrupling in value from C$0.36 per share in mid-March to an interim high of C$1.45 just a few trading days ago.
Today, Beacon Securities released a Buy rating and US$2.00 per share price-target for RVG, stating, “For Revival, we believe the exploration strategy can deliver new discovery and/or expansions of existing resources. We believe the current 3MMoz total resource at Beartrack/Arnett Creek can grow to 3.5MMoz in the short-term, and ultimately exceed 5MMoz.”
Revival is forging ahead with its Preliminary Economic Assessment (PEA) and will be mobilizing its drills to Beartrack-Arnett in short order where the deposits are open to significant resource expansion.
Revival Gold shareholders can expect a steady stream of newsflow throughout the remainder of the year — and any significant drill intercepts, coupled with gold’s strength, could result in yet another extended value surge for RVG shares.
Yours in profits,
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest and Hard Asset Digest readers.