RE:E.Sprott is a major shareholder of Monarca Minerals Very good points.
As the price of silver rises, we will see the ounces in the ground being re-valued to the upside. Sprott is in this boat, and he might buy more these days, as I have seen only a handful of explorers with such a low valuation compared to the resources they have. I have made research over YEARS, so there's that point.
There are a few reasons why this is one of my top 3 stocks - while the above reason is the most crucial, let me be straight:
- even if Tejamen takes another 1-2 years, who cares, they have other great properties, and the CEO has damn good contacts in the sector. The management is experienced, and we have Sprott on board.
If silver rises this year, let me be clear: A multi-bagger is on the way.
GLTA