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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Post by atchoukon Jul 21, 2020 6:23pm
192 Views
Post# 31298929

Potential take over

Potential take overThe reason we haven’t been already bought for 2 bucks by a major miner is that the current POG is not high enough for it. A potential buyer wants to be sure that even if POG drops significantly, his mine will be still profitable. The latest drop in POG was of 900 USD (from around 1,900 in 2011 to just slightly over 1,000 in 2015). Therefore, if I were a potential buyer, I would wait until POG hits at least 2,250. If POG then drops even for 1,000, the mine will be still profitable. Just my two cents.

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