In the middle of Idaho, there's a historic mining area that produced huge amounts of gold for 100 years before being abandoned in the 1990s.
They thought it was dried up. They thought it was kicked. They thought it was done.
They thought wrong.
One small company (It trades for less than $1.00 a share!) trekked out there. It applied for the permits, it put in the work, and what it found was astonishing.
Initial results suggested at least 6 million ounces of gold. But our own Nick Hodge toured to the mining site with its corporate executives, and he's convinced there's substantially more than that.
Indeed, there's firm reason to believe this mine has as much as 20 million ounces of gold.
That potentially makes it the single biggest gold mine in America.
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Even based on ultra-low gold prices, that's a $240 billion gold jackpot.
So for a stock that's still trading for less than $1, we're talking about a potential kingmaker here.
This isn't strictly a gold play, either. This project also has a large resource of antimony - a critical flame retardant used in military and electric applications that the U.S. currently produces none of.
The government is entirely reliant on China for its antimony and would like that to change. As such, it's already sent officials to this project to research the antimony there.
And what's more is that the permitting process is likely to be expedited by environmental factors.
Like I said, this site was used for 100 years before it was abandoned. As a result, it's in pretty bad shape. There are metals leaching into a stream. There's a blocked salmon passage.
This company is going to remedy all that, saving the government tens of thousands of dollars in cleanup costs. That's why even the EPA is behind this project.
Taking all that into account, this mine is on track to deliver big-league results.
And big-league investors are starting to take notice.
Paulson & Co, the investment firm headed by famed billionaire investor John Paulson, has already injected millions in financing.
Streaming savant Franco-Nevada has purchased a 1.7% Net Smelter Return Royalty (NSR) to collect when the mine starts producing. This was the earliest-stage royalty it's ever done on a project. It's that good.
Teck Resources bought 9.9% of the company.
And just this week, one of the world's biggest gold miners swooped in and snatched up a 20% stake.
So, clearly, this mine is drawing considerable attention. And for very good reason.
If you want to find out more and get in before it really takes off, just click here for our full report.
Fight on,
Jason Simpkins
Jason Simpkins is Assistant Managing Editor of the Outsider Club and Investment Director of The Wealth Warrior, a financial advisory focused on security companies and defense contractors. For more on Jason, check out his editor's page.