i-80 Gold: Granite Creek Underground Continues To Grow

Oct. 26, 2022 6:43 PM ETi-80 Gold Corp. (IAU:CA), IAUX76 Comments
Taylor Dart profile picture
Taylor Dart


  • i-80 Gold has suffered from a significant decline over the past couple of weeks, seeing its significant outperformance gap relative to peers mostly erased.
  • However, this has little to do with the fundamental story, and one could argue that the story continues to get better with more ultra high-grade results out of Granite Creek.
  • Just recently, i-80 Gold released new holes from the South Pacific Zone, potentially extended the strike (if confirmed by further drilling), and de-risking the Granite Creek mine plan.
  • Given that i-80 Gold is drilling off two-world class gold deposits in a Tier-1 jurisdiction and has bonus upside with its polymetallic potential yet trades at ~0.30x P/NAV, I see the stock as a steal below US$1.70.

Mining in the Nevada desert.


While the general market has been battered, with its correction exceeding 27% from peak to trough, the Gold Juniors Index (GDXJ) has suffered the real bear market. This is evidenced by a 61% correction from its 2020 highs. Given that bear markets

This article was written by

Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Disclosure: I/we have a beneficial long position in the shares of IAUX, KGC, GOLD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing. Given the volatility in the precious metals sector, position sizing is critical, so when buying small-cap precious metals stocks, position sizes should be limited to 5% or less of one's portfolio.

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