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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. The Santo Domingo Project is a silver-rich, epithermal deposit and is 100% owned by the Company. The property consists of the Santo Domingo II and Nombre de Dios mining concessions in the historical Hostotipaquillo mining district. The Santo Domingo Property is located 100 kilometers (km) north of Guadalajara city in Jalisco State, Mexico.


TSXV:SDR - Post by User

Bullboard Posts
Post by tarnowon Mar 10, 2016 2:53pm
212 Views
Post# 24644799

silver and rick rule

silver and rick ruleStroud has laid dormant in this 4 year bear market. But it looks like the bull market in precious metals is back. Now in the last bull market Stroud hit 18c a share. i brought my first stock at 8c and a few upto 13c. So I my holdings are worthless now. However stroud still owns hislop which has an NI 43-101 of 103,00 indicated. And Santo domingo which has 58,000 gold and 12.4 million silver (155,000 oz at 80/1 ratio) NI 43-101 measured and indicated. So a total of 316,000 oz measured and indicated. Not counting Leckie property or inferred ozs. So assuming 1c a share company is valued at just under 2 million dollars canadian, or $1.5 million american. Thus our oz in ground are valued at $4.75 an oz. This absurdly cheap. The reference to rick rule is he talks about deposits valued at $15 million now, being worth $1 billion five years ago. So even if you account for the dilution that stroud will under go to raise funds. It looks very good? what do others think?
Bullboard Posts