89 cent SGI.V for Gold Exposure – $2.60 Target

gold microcap
Gold has crossed an important psychological threshold at $1300 (currently $1310). The potential now exists for it to hit $1400 in Q4.
Gold investors have been waiting for this break at $1300 so I suspect we could be looking at a junior gold sector rally soon.
For those looking for sector exposure, Superior Gold is a good one to research. It is a personal favorite as they have no debt, are fully operational, and have good reserve growth potential.
Superior Gold (SGI:TSXV $0.89)

www.superior-gold.com

This is an Australian producer with no debt, positive cash-flow, and very well established. They went public in February through a $28.5 Million IPO at $1.

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PI Securities has a good mining analyst and last week they updated their coverage with a $2.60 target.

“Our NAV estimate for Superior remains at $2.19/sh. We continue to apply a 1.25x multiple (unchanged) to the operating portion of our NAV to arrive at our target price of $2.60/sh (unchanged).”

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You can do more research here:

https://superior-gold.com/investors/presentations/