Nova Minerals has been performing strongly on Alaskan gold exploration projects

It has been the slowest start to a new calendar year that I can remember. People are just not engaging. Having said that, last Wednesday saw some very buoyant trading with the Dow up 1.65%, NASDAQ up 2.45% and the S&P up 1.83%. Gold pulled its weight also, punching above US$2,700/oz US$2,700 again. Any company coming into gold production now, for the first time, is really hitting the sweet spot!

Normally, the bears tend go away for longer breaks as they seek relief from the previous year's pain, and the optimists have more room to influence share prices in the short term.

Of the stocks I monitor closely, one of the few outstanding performers has been First Graphene (FGR). Its share price has been the beneficiary of strong buying on the Frankfurt Stock Exchange, taking the share price from below 3c to beyond 6c. Maybe the penny is dropping that this is truely a world leading company, albeit in the specialty field of graphene. Disclosure: The author is a director of FGR.

Coincidently, there are two Alaskan gold stocks that have been good performers over the last couple of weeks. Felix Gold (FXG) has risen from 7c in early December, to hit 15c last week. Nova Minerals (NVA) has run from around 20c to peak at 44.5c over a similar period. Both companies take inspiration from the nearby high-tonnage low-grade Fort Knox gold mine that has recently been processing ore at 0.3 gpt, and making good money. Both companies have antimony in their portfolios. Felix has an historical antimony mine that it would like to restart, while Nova has an array of very high-grade sampling assays but no previous mining. We have covered Felix previously. Now lets look at Nova. 

 WeeklyComm18Jan2025.pdf