RE:Sprott PodCast Eric Sprott is the single biggest investor in the Treaty Creek project and his recent comments help explain why:
“For an exploration company…anything under $50 for an ounce in the ground is a hell of a deal with the background knowledge that gold just went up $500 in the last 6 months. I’ll pay $50, that will be easy because people will pay a lot more than that when they realize how much money these guys can make” stated Eric.
American Creek is currently trading in the $11/Oz (Inferred) range, well below the “hell of a deal” threshold.
Eric went on to point out:
“From 2000 to 2011 the gold stocks went up by 1,700%...and that’s what the upside here is. We’re not playing for “Littles”, we’re playing for “Bigs”. I think we have a lot more to come when you look at the economic landscape…oh my goodness could this blow up quickly!”
The good news for American Creek shareholders is Eric’s concluding statement:
“I think that the prices of the metals will continue to go up, but the real upside is going to be in the shares.”