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Taylor says buy Triumph Gold

2017-04-21 19:15 ET - In the News

Jay Taylor, writing in the April 14, 2017, issue of Gold Energy & Tech Stocks, says buy Triumph Gold Corp., recently 43 cents. He previously recommended the company when it was named Northern Freegold Resources Ltd. He recommended buying Northern Freegold three times between June 20, 2012, and Dec. 18, 2013, at prices ranging from two cents to 13.5 cents (the stock was rolled back 1:10 in October, 2014). On Oct. 15, 2014, Mr. Taylor said sell at 12 cents. Assuming an investment of $1,000 for each of the three buys, selling the investment at 12 cents would have yielded a $2,111 loss. Northern Freegold changed its name to Triumph in January, 2017. Mr. Taylor says the company's Freegold Mountain project in the Yukon has some impressive production statistics: 150,000 ounces of gold, 17.3 million pounds of copper and 4.2 million pounds of molybdenum each year. A mine would cost $500-million, so in the midst of bear market Mr. Taylor says Northern Freegold was dead in the water. Recently, the editor notes, the company took a fresh look at the project in hopes of expanding resources. Mr. Taylor says he is bringing this story to his readers now, before management announces its 2017 drill program and starts promoting the stock. Buy.

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