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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

Comment by Heywood_Silverson Aug 06, 2021 4:49pm
333 Views
Post# 33665912

RE:While i'm not bullish on this stock

RE:While i'm not bullish on this stock5 million ounce gold resource (and growing) in a safe jurisdiction with an IRR over 30% using conservative gold prices and you're not bullish?  You think the resource won't expand?  You think gold will crash under $1k instead of shooting past $2k?

You correctly identify that the stock is now trading at 52 week lows, indicating a safe entry point, yet you fail to read the tea leaves of where we are heading - which is much higher gold prices and higher SPA trading prices.  I'm not predicting any short term movements, as that is a fool's game, rather I am talking big picture here, aka the long haul.

PS  If you got burned buying at the top last year, you can at least lower your basis at these prices.  If this falls below 10 cents USD, I'll definitely start picking up some more myself.  No brainer at those levels.
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