Against a backdrop of massive inflation, at highest levels in decades and initiated by COVID-19 related disruptions of supply chains, Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) is working diligently in order to activate a few important catalysts. The first of those that can be expected before year end is the upcoming Preliminary Economic Assessment (PEA), the other one is the renegotiation of the JV terms with vendor America’s Gold Exploration (AGEI), which could increase the very recently earned-in ownership from 51% to 100%.
You have to hand it to them, the timing of Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) announcing their maiden resource estimate (MRE) on their Independence project in Nevada is pretty good, as precious metals sentiment becomes increasingly more positive, and other assets like bitcoin just seemed to have bowed out as a serious alternative, after getting into a tailspin of epic proportions, losing over 25% of value in one day.
Although gold has to battle higher interest rates, a stronger dollar and Bitcoin beating all time highs as I am writing this, Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) doesn’t appear to get fazed, and apparently has no trouble raising cash.
There are lots and lots of interesting gold projects to be found in Nevada these days, and most of them are in the hands of large entities like Nevada Gold Mines, Kinross, Coeur, Waterton etc. Once in a while, much smaller parties manage to dig up interesting projects, and one of those is optioned by tiny junior Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN).