GREY:CRMXF - Post by User
Post by
nedbradonon Oct 03, 2010 1:10pm
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Post# 17523011
other mexican silvers....
other mexican silvers....Recently have seen Timmins take a run at Capital Gold, then Gammon top that bid. All companies are in Sonora state, which is a hotbed in Mexico. I think Cream shareholders got a raw deal with Endeavour's predatory bid, but that's what happens with close to 90 million out.
I'm packing away at a Sonora junior with great silver/gold upside. Lots of news in the pipe. Dave Morgan, silver guru likes it:
From his newsletter:
"The financing went off at .35. These folks seem capable of getting the word out and there is no overhead resistance—meaning there are no ready sellers at higher prices (yet). There are not a lot of new silver companies that you can buy under the cost of financing".
El Tigre Silver (ELS)
The target has a potential size of 15 million tons of 5.5 oz/t which would yield in excess of 100 million oz Ag. Have recently sampled over 1.5 g/t gold as well.
Insiders and Management own 63% of the stock
Shares Issued and Outstanding: 22,286,139 M
Cash: $1.3 million
Warrants: 4,538,119 @ 0.45
Fully Diluted: 28,499,258
Financed and Property Vended in @.35.