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Feneck called the second deal accretive because it increases Revival's heap leach gold resources per share. However, he criticized the company for doing the transaction when its stock price was so low.Feneck sees US Gold Corp. as a takeover target, but he'd like to see the stock rise higher than its current $4.43 a share.
"Two big financings there suggest that the window is opening again for gold stocks," Harris observed."I totally agree with that," said Feneck, adding,"I think we're back to a 2020 kind of mentality, where people are at Google searching gold stocks and trying to pick some winners here, which is really exciting if you're positioned ahead of this."
In recent drilling highlights, Feneck picked Faraday Copper's 117 meters at 0.4 percent copper intercept at its Old Reliable target in Arizona. - Silver prices remain well supported at elevated levels as robust demand continues to outweigh supply, creating a further drawdown in above-ground stocks, according to the latest research from the Silver Insitute.China saw wholesale gold demand fall in March, but investors continue to buy at sky-high prices – WGC