New Recommendation No. 3 -- Dakota Gold (NYSEArca-DC)
Yesterday's close -- $2.20/share
This is another (of quite a few still) I have been following...sitting on...and mulling over until I thought the time was right. And notwithstanding the possibility still, as you'll be reading, that THE end to this sector's doldrums isn't quite here, I am adding Dakota as well to my roster of Growth-oriented stocks as a BUY.
Back in the summer of 2021--not long after industry veterans Jon Awde and Bob Quartermain had joined forces to "resurrect" the old Homestake Mine, the biggest single gold producer in U.S. history at some 40 million ounces--I spent a day following Mark Skousen's Freedom Fest in Rapid City touring the Homestake environs. I visited, alternately, with former Homestake mine manager Jerry Aberle (who continues with Dakota) and geologist Bill Gehlen.
During that trip--and as a multi-faceted exploration game plan has come together since--I have grown to be increasingly of the view that this is the real deal.
Indeed--as you'll be hearing more of from me in the near future--the exploration potential has been revealed as more substantial than first thought!
Among the near-term mileposts, as Awde reminded me when we spoke a few days ago, Dakota will be releasing a maiden resource on its Richmond Hill project shortly after Easter. This big system remains open, he says; and the initial resource will encompass 800 prior drill holes in addition to Dakota's own drilling.
Beyond that, of course, is the ongoing exploration, including four active drill rigs, on a total of over 50,000 acres (virtually all of it previously-disturbed and private ground.) And I sense more tantalizing news is ahead on the old Homestake workings as well, including a BRAND NEW aspect to that whole story!
For now, learn more at Dakota's WEB SITE HERE.
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