RE: Would you buy at these levels?None of us have crystal balls so who knows if the share price will drop further. My feeling is that today should set a base because of the sell off. Those who have lost faith in the play are gone and or are going, some may be holding for a better price after things die down.
The company is coming out with clarification on activities at Two Mile later in the week. The drills are set up at 6B and 5B the wedge off holes and will be drilling into the Prichard carbonates. The story now is that they think below these carbonates lies the fabled motherload of the Silver Valley. The stock will come back in the coming weeks based on the speculation of what may lie beyound the carbonates.
Azteca and Silver Royal Apex think its the pot of gold at the end of the rainbow or in this case at the end of the carbonates.
Azteca and Silver Royal have a long history of being right and finding and developing mines, their track record for findng deposits is as good as anybody in the business.
The hope of the pot of gold and their reputation as mine finders will move the stock upward. What lies at the end of the carbonates only God knows for sure and he may have let Matt and Justin in on some clues to finding it. That is the speculation that you get in on with the price of admission being the purchase of an Azteca share.