New US Listing Bodes Well for Undervalued Junior Gold Firm in Idaho
by Mike Fagan
Revival Gold (TSX-V: RVG)(OTC: RVLGF) — currently trading just above US$0.50 per share — has commenced active trading on the US OTCQX under the ticker symbol RVLGF.
Revival is working toward an updated mineral resource along with the potential restart of heap leach gold production [~72,000 ounces per annum] from existing infrastructure at its flagship Beartrack-Arnett Gold Project, Idaho.
Revival Gold president & CEO, Hugh Agro, commented via press release:
Drilling is set to resume at the high-grade Joss target area next month as the company continues to build additional gold ounces for inclusion in the next mineral resource estimate for Beartrack-Arnett.
With a market cap below US$40 million and a current resource of ~3 million ounces of gold at Beartrack-Arnett, Revival currently trades for less than US$13 per gold ounce in the ground.
With the price of gold firming up above US$1,770 an ounce, the enhanced access and liquidity the new US listing provides bodes well for the company’s shares going forward. Revival also trades on the TSX Venture Exchange under the symbol RVG.
You can access our most recent report on Revival Gold here.
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.