2510 GP4_TheNumberOneGoldStock

I’m going to keep this gold investment write-up brief.

As a 20 year gold analyst CFA, I frequently get asked: “what’s the best gold stock to buy right now?”

And my typical answer is: there are a dozen or more gold stocks I believe are strong buys.

But I understand the question… investors want to know my highest conviction stock - the one that if I was forced to choose, I would put all of my money into.

I’ve just discovered a gold company above all others that I would put my children’s college funds in if I had to.

And again: it’s absurd to put all of your money into one investment - no matter how great it might be.

But I understand that for regular investors, the question really comes down to the single best opportunity that deserves most of your attention.

And while I always tell people to diversify… to spread the risk among more than one holding - I get it. You want the best opportunity… Who wouldn’t?

So I’ll cut to the chase. The gold market is booming - and I feel very comfortable telling you to own just ONE stock right now.

I’ve found a company that is the most exciting I’ve seen - with the best valuation of any gold company in the market and the most likely and impressive upside.

I genuinely believe this company should be a 10X in the coming years - or sooner.

It’s a potential world-class gold mine, sitting on nearly 5 million ounces of high-grade, near surface, easy to process oxide gold.

That’s according to independently audited, official documents filed with government officials - and verified by the highest level of scrutiny used in the mining industry.

I’ve been following this company for nearly two years… they’re the real deal, and they’ve done the work to find this world-class deposit.

When it comes to gold mining: that’s exactly what you want - high grade, easy to process gold, near surface. Any geologist worth a damn can find gold anywhere - but this firm has some of the best gold economics of any mine in the world.

It’s currently DEEPLY undervalued at $3,500 gold - let alone higher prices.

My fair value price based on future cash flows and the total value of the gold in the ground puts this company at $3.03 billion.

But today, it’s still selling for ~$500 million.

If this company’s price rises to my fair value estimate, it’s an easy 5X. That turns every $10,000 invested today into $50,000.

And that also assumes that gold’s price stays at current levels. The fair value estimate would rise even higher if gold continues to move from around $4,000/oz up through $5,000/oz…

For instance, Goldman Sachs just updated its 2026 gold forecast up to $4,900…

I’ve already had to adjust my fair value estimate upward as gold moved from $2,500 to around $4,000 over the past year.

But even in the unlikely scenario that gold declines to $2,500/oz its mine is still worth $1,664 million which is still 177% higher than where the stock is trading now.

That’s not to say that I think this company will only rise five-fold.

Because look: we all know what happens during a bull market. Assets don’t just top out at “fair value.”

They hit extreme valuations, which is why I think this company could easily jump 10X from here…

Maybe even higher.

And I’ve found this kind of company before.

In fact, in one of my live portfolios right now I have 5 open positions with an average gain of 469% - including individual gains of 824%... 800% and 806%. And these gains have come in less than two years.

My lowest gain right now in this portfolio is 11%...

That’s because I just added this position to the portfolio recently - and it’s my #1 gold stock to own today.

But I’ve been having this kind of success for years…

I got my subscribers into a company called NewMarket Gold at $1.45/share - at a substantial discount to its net assets.

Just three years later, the stock soared to over $30 a share - at a premium over the company’s net asset value, and I got my readers out at $31 - an incredible 2,038% gain.

A 8,358% gain turns a $5,000 stake into $417,900…

So far in 2025 alone, all three of my portfolios are up well over 100% on average.

And as I said, it’s the small portfolio that I recently added my #1 conviction stock to.

If you’re serious about making money in gold investing, I think this company is the single best opportunity in the market.

But why right now?

For one, I’ve made some very prescient calls recently…

Back in February I wrote to my Golden Opportunity readers:

“Newmont is trading at a 48% discount to fair value based on FCF. It’s the cheapest it’s been in over a decade. The stock is trading with a 20% FCF yield. That means you have the opportunity to buy $1 of FCF profits for $0.20 cents.”

And it’s showing no signs of slowing down.

I was able to spot Newmont a mile away because I’ve been in the business of analyzing gold stocks for nearly 20 years - and I have a track record of finding deeply undervalued gold stocks before anyone else.

As I’ve shown you, my analysis has led to some monster gains in gold stocks…

That’s because I’m not just a regular gold guy.

My name is Garrett Goggin.

I’m a student of the gold mining industry from an angle that no one else takes.

For one, I’m one of 200,000 CFAs (Certified Financial Analysts) in the entire world.

But I’m also a Certified Market Technician - which means I can do technical analysis.

That matters because of our historical moment.

My training is the most stringent education you can get in the financial world - equivalent to a PhD. Harder than getting your CPA. Harder than an MBA. Way more difficult than passing the bar…

Only 1 in 10,000 complete it.

But unlike most PhDs and Wall Street analysts, I don’t sit behind a desk much.

I travel constantly.

I go meet the people running the mines… look at their assets… and look into their eyes to determine whether it’s a sexy narrative or the real deal…

I just got back from one of the biggest mining conferences in North America: The Precious Metals Summit in Beaver Creek, Colorado.

I met with over 30 different companies, had dinner with many of the CEOs and asked tough questions about their gold projects, and matching it against what I already knew about their ongoing prospects.

And I’ve come away with 1 major opportunity above all others.

Most gold analysts won’t do the work I love to do.

And most analysts don’t have close contacts throughout the industry like I do.

For instance, one of the companies I cover just got attacked by a report from a short selling firm.

The stock fell 20% in a matter of hours - but before the market even closed that day, I was on the phone with the CEO.

The next day I had him on a teleconference with my readers, and we walked through the details of the short seller’s claims… and why we believed they were wrong.

That’s the kind of in-depth research and knowledge that most other gold analysts just don’t have…

But then…

Most analysts don’t end up with gains like:

And most of these returns occurred in less than two years.

You see... Over 20 years ago, I fell in love with gold investing and set out on a mission…

To make myself an expert on all things gold.

My initiative got me noticed by Stansberry Research - the largest independent publisher for individual investors in the world.

I worked there for 15 years alongside my mentor - the great John Doody. At over 80 years old, Doody is a legend in gold investing.

There was no higher for me to climb. So…

I went out on my own.

Today, I only have one goal:

To reach as many good people as possible - showing you how a small stake in my top gold stock could turn into 100X your money in the coming gold mania.

But please… don’t buy bullion or any crappy ETFs.

Because I’m going to show you..

I’m not going to bore you with all the risks involved in mining. It’s truly a terrible business.

There’s a few big ones I can count on one hand:

Political risk
Permitting delays
Low-grade ore
Endless cost overruns

And more headaches from environmental protestors than you can shake a stick at.

The fact that all protestors are perfectly happy using the things miners dig up for us doesn’t seem to occur to them… But I digress.

When researching my top picks, I fundamentally look for three things…

Superior ore-grade
The miner’s stage of production
And Discount to my Fair Value Estimate

A rising gold price will always drive up the value of miners with the highest ore grades. Grade is everything.

But in a gold bull market, the right miners with the highest grades will slay all the others. Plus…

In an inflationary world, only the miners with high enough grades stand to make any real profits.

That’s why grade is king - and why I start my search by looking at ore-grade.

So, how does my #1 gold stock to own today measure up?

This company has nearly 5 million ounces of high grade, near surface gold. It’s so rich that it doesn’t need to be processed before being milled. They call this rare kind of deposit “run of the mine” because it comes out of the mine and straight to the milling facility to be refined.

Higher grade mines like this one mean lower operating costs - and I estimate this company has an all in sustaining cost of just $1,125 an ounce.

This company mines at a minimal $16/tonne cost versus underground mines in Canada that operate at $250/tonne.

Mining gold at $1,125/ounce means you earn profits of $2,375 for every ounce you mine at $3,500 gold. That’s a massive 68% profit margin.

It’s one of the lowest cost mines anywhere on the planet. For instance, Barrick Gold is one of the best run large cap gold miners in the market, and they mine gold for all in costs over $1,600 an ounce. Newmont is just a tad under $1,600.

Simply put: my #1 gold stock to own now will be getting gold out of the ground for some of the lowest costs you’ll find anywhere.

We’re in the Sweet Spot right now.

Contrary to what you might think, the best time to own a gold mine is BEFORE it mines any gold.

This phenomenon is well understood by the Lassonde Curve - which shows that a mine is worth the most at first production. Once a mine starts producing gold, it usually becomes a dwindling asset.

At first production the Miner's valuation, measured by market cap, should rise to match Net Asset Value (the total sum of after-tax profits from the mine).

Right now the stock is still trading at about $500 mil market cap equal to $1.14 per share: an 80% discount to $3.03 billion fair value or $7.20 per share, and production will begin in January 2026.

$1 in your pocket today is worth 5X-10X more than $1 promised to you 10 years from now. As production begins, and cash becomes fact, the market re-rates the stock price higher. I expect the stock price to rise higher closer to full value at $7.20 per share, about 400% higher than current.

This miner will be gushing cash in January, and it still trades at a 80% discount to fair value.

Every bit of progress as the mine is constructed acts like a mini rocket booster, helping to prove to the market that the mine is becoming more and more obvious to more and more investors.

For instance, my #1 gold stock just announced progress on a new facility that will help the company expand production by 4X.

I knew this announcement was in the works… and I knew the market would respond favorably.

And sure enough, in just a few days this company jumped 10% on the announcement.

But that’s nothing compared to what’s coming.

Every few weeks, this company is going to announce another breakthrough or have an update to tell the investment public about.

Each of these updates will push the share price higher… reaching a crescendo when the mine production begins.

And this is the real exciting part of the kind of gold stocks I cover:

These are small companies… they tend to have only a handful of projects they’re advancing.

That means: any news is monumental and immediately beneficial to the share price.

Think about it this way: gold majors like Newmont and Barrick each have dozens of projects ongoing. They’ll never see all of their projects hitting an important milestone or making a breakthrough all at once.

But my #1 favorite gold stock right now only has one major ongoing project. Every piece of good news or mine progress is massively beneficial.

And this company is set to deliver its first ounce of gold sometime in January 2026. When that first ounce comes out of the ground, it sets off a chain reaction of value discovery in the market.

You see, before a company produces gold, you can only try to estimate a fair value by looking at its net assets, and figuring out how much they’re worth.

That’s a technical problem for most investors - especially if you’re not an experienced gold analyst.

But after?

Then, everyone in the market can start pricing a company based on its free cash flow. That’s a much easier calculation - and it all starts with that first ounce being produced and it ramps up to when the company reports earnings, which will be in early Spring 2026.

I estimate from day 1 of production, it will mean an automatic 34% free cash flow valuation increase as cash becomes fact.

But that’s not the only kicker in place for my #1 gold stock.

Normally, these kinds of small companies are cash hungry as they move into production - and they typically raise cash by diluting shareholders.

However, this company is doing something different… they’re planning to slowly increase production, using early production to pay for expansion.

That process is less obvious to the investment public, but much more beneficial to shareholders. You get the continual upside of expansion, without seeing your shares spring a leak.

And as production grows, this company will be continually revalued by the market on a free cash flow basis.

This company will likely expand production from 20K t/d rate to 80K t/d rate over the coming years.

This growth will generate an average of 272,000 gold ounces per year worth $5.9 billion in after-tax profits equal to $13.90 per share.

The stock only trades for about $1.40 per share.

That’s a 886% return. That means years of growth the market will be catching on to…

But you don’t have to take my word for it. I’ve just recorded an exclusive one-on-one interview with the Executive Chairman of this firm.

I ask him tough questions about his company’s progress… Get him to explain his business in simple terms - and have him go over the details of the gold mine currently being built.

I asked him:

About his plans to quadruple production in the coming years…

How he thinks the company will be re-valued once they start producing in early 2026…

And how he compares this project with his prior projects - including details on the simplicity of this project compared to others he’s completed in the past…

You can not get this level of expertise and deep research unless you also have the Executive Chairman on speed dial.

Note that in my video call with the Executive Chairman, we are not revealing anything outside of what’s already publicly available. I’m just asking him to go over these details to make it easier for you. Instead of having to read through dozens of pages of financial reports, I put him on the spot to give you answers directly.

And in a minute, I’ll give the link to get immediate access to my #1 gold stock, and my interview with the Executive Chairman.

But suffice to say, it’s a key time… you want to own this stock before a single ounce comes out of the ground.

If you wait a month or two - you’ll be missing out on some of the biggest gains possible. The time is now, which brings me to...

I’ve already talked about how I believe this company is at least 80% undervalued right now. If it jumped ~5X, that would take it right to my fair value estimate.

That’s based on how much gold it is likely to produce over the next 10+ years.

It’s actually relatively simple math once you crunch all of the numbers - most of which I go over in my interview with the Executive Chairman.

This Executive Chairman by the way has successfully brought this kind of high grade, near surface mine to market before.

He’s a proven value creator who owns 4% of the stock. He is shareholder aligned, and profits when you make money.

He sold a very similar early stage mine for $1.1 billion back in 2015.

And he set the mine up to scale 4X over time… just like he’s doing with this mine today.

That earlier mine eventually reached 200,000 ounces of gold production per year… just like his current project is targeting.

One major difference: he sold his last mine for $1.1 billion back when gold was $1,200/oz.

Today, with gold hovering near $4,000, the upside is much larger.

That’s because this company has 5 million ounces of gold it will pull out of the ground - though the Executive Chairman believes it could have upwards of 10 million ounces…

My very conservative estimate puts this company at a $3.03 billion valuation from average 182K Gold ounce production per year based on $3,500/oz Gold.

But as I said, it’s still selling for about $500 million market cap, and the stock is fairly valued at over $3 billion.

When production begins in January, and cash becomes fact, the market will push $500 million market cap 400% higher to match $3 billion net asset value.

This gap between market cap and value should close almost immediately when this company’s mine goes into production starting in January of 2026.

And of course, this calculation only goes higher as the price of gold rises. That’s what I mean when I say conservative: I base my valuation on the lowest reasonable price we might see in the coming decades.

At higher prices, the valuation on this stock quickly climbs even higher.

And you might be wondering: if this company has such a great gold property, and is in the sweet spot of mine construction, why is it still so cheap?

It’s because smaller gold stocks like this company are almost completely ignored by Wall Street. They’re simply too small for large firms to be able to invest in.

They’re basically ignored… But not by me.

Take Newmont again: this mining giant has DOZENS of mainstream analysts covering its every move. There are no secrets or hidden value to be found with Newmont.

But my #1 favorite gold stock has just ONE analyst covering it - not including me.

That means every bit of analysis I do is completely new, uncharted territory. It means I can find details and valuations that have not been considered by anyone…

And it means that almost no one in the world right now sees the value that I’m seeing - yet.

But I’m going to be very blunt: You’re running out of time.

Every day that passes, this company gets closer to production - and the price rises along with the certainty of that first ounce coming out of the ground. It also tends to rise as gold’s price rises…

As soon as that first ounce is mined and potential gets turned into reality, it will trigger cash flow and revalue the company 164% upwards almost immediately even if gold stays dead flat.

Investors are going to come out of the woodwork to buy this stock as it becomes more obvious that it’s sitting on 5 million ounces of some of the lowest cost to mine gold on the planet.

Again…this company’s projected all in costs per ounce are just over $1,000.

No other publicly traded company has this much low cost gold this close to production selling for this significant of a discount.

In short, you need to move quickly on this stock…

You want to own before gold comes out of the ground and the market sees the real value, and well before the 4X expansion comes to light.

And in just a moment, I’m going to give you the full details of this company…

But you need to understand that we’re currently in a very unique moment for gold… and therefore all companies in the gold mining sector.

The Rhyme Of History

I mentioned above that I am also a market technician - which means I understand cycles and patterns.

The major events unfolding in gold tell you what moment we are in for this historical cycle.

That moment isn’t coming… It’s here. The world is turning to gold. Whether it's regular people buying record amounts of gold at Costco…

or major institutions hoarding the metal…

Almost every central bank loading up on gold year after year…

Or China trying to become a global gold custodian…

The US Treasury talking about revaluation…

Something big is happening. I’m completely convinced gold isn’t going to stay around $4,000 for long.

Just take a look at some of these headlines:

When large amounts of physical gold get shipped around the world, it means something big is happening.

Central banks from China, Turkey, all over Europe and even in South America are buying record amounts of gold.

Even those who don’t understand finance or money could sense that something has to give… something big has to change.

Now, the gold price is telling you what’s coming.

So, if you want to make a fortune in gold…

Don’t overthink it.

A moment had to come in our lifetime when the monetary authorities could no longer hold the debt-based, fiat system together.

Now, it’s here.

Every hundred years or so, the world’s accounting system undergoes a radical change…

When the old rules get thrown out and gold gets called in to calm the masses and restore order to the financial system.

It’s just the turning of the wheel of history.

Governments and Central Bankers have spent years buying gold at the fastest pace on record in preparation for this moment.

All the pieces are in place.

You don’t need to be a CFA or a market technician like me to see what’s about to happen.

You don’t need to have personal contacts in the gold business.

All you need to do is recognize where we are in history…

Look at what the people in power are buying…

Then, buy as much gold as you can afford.

Better yet, take advantage of the gains to come in the best small gold-producing mines - the kind that occasionally go 100-1.

Now, I want to make it as easy as possible for you to take part in this historic bull market.

All you need to do is sign up to my service: Golden Portfolio IV.

I’ll give you immediate access to my #1 Gold Stock.

I’ll also immediately send you the video of my brand new interview with the Executive Chairman. You can watch it immediately and get all of the details straight from the head of my #1 gold stock’s top executive.

PLUS: you’ll get access to the other 4 companies in GPIV.

That’s right: I have 4 other stocks, all in various stages of the Lassonde Curve… all selling for a discount to their net assets.

Quickly:

I have one company that’s selling for under $2/share… and my fair value price target is $4.80. I think this company is an easy triple in the coming months…

There’s another firm selling for under $2.50/share with a $6.90 fair value…

One firm is selling for a dirt cheap $0.78/share - compared to my price target of $11.20/share. It could easily be a 10X or more.

And the 4th company sells for just over $5/share, and it has a $8.30/share target. This last firm is closer to my target, but it’s already soared 240% in 2025 alone - and 829% since I added it to the portfolio.

That’s what happens in my GPIV service. I add the best gold stocks I can find at steep discounts… and then I wait for the market to catch up.

I think if you follow my work, you’ll have amazing success in gold stocks… But you need to act quickly.

So here’s what I suggest: