i-80 Gold: A Derisked And Dirt-Cheap Nevada Powerhouse

i-80 Gold Corp. has sold off sharply following the completion of its recapitalization plan, a similar setup to Skeena Resources, which rocketed higher shortly after its selloff once the news was digested. And while both offered dirt-cheap gold/silver exposure, IAUX is much closer to cash flow than SKE was and has a more diversified pipeline capable of greater scale. In my view, this IAUX selloff is nearly as ridiculous an overreaction as the drop below US$0.50, with the major difference being that i-80 is a far more de-risked story today.