Spanish Mountain Gold Ltd V.SPA

Intentions

[martin95833]

Can anyone tell me if this company is purely in the business of exploration, or do they have an eye on mining the ground anywhere?

[Heywood_Silvers]

Odds are that they will continue to grow the resource with an eye to sell to a major at some point in the future.  Many posters have commented that the intrinsic value is in the vicinity of $1, so we have a lot of upside still.  All-time high for SPA was $2, so who knows how high this could get before any buyouts.

[mackvorkian]

My understanding is that the game plan is to sell it. Fact is that the Majors need 5 mill plus oz resources as they are running out of Gold to mine. With the Phoenix Zone, there is the potential for a lot more ounces. Us longs are tired of waiting but when the POG breaks $1800 an more, the present s/p is gonna be in the real view mirror. If I had more confidence in mgt's attitude toward us