Gold trade update

We were looking for a way to leverage our belief that gold is going back to at least $1600/oz. and a chance at $2200/oz. We found one. We decided to swap our 33% stake in NUGT and purchase a significant stake in a small gold mining company. We found one that seems very under-valued and mines both gold and silver. We noticed that one of the top Hedge-Fund managers has taken a stake and gold analyst are taking notice. It could be a 5-bagger if gold hits 1600 or a 10-bagger if gold hits 2000. Seriously.