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Silver Spruce Resources Inc V.SSE

Alternate Symbol(s):  SSEBF

Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario. The Project is an advanced precious and base metal property located in the Thunder Bay Mining District, northern Ontario, Canada. The Project covers 11,236 hectares with volcanogenic massive sulphide (VMS) and Au targets located in east to southeast-striking, subvertical to moderately Archean metavolcanic quartz-sericite schists to coarse fragmental units. The Company intends to own 100% interest in the Mystery Au project in the Exploits Subzone Gold Belt, Newfoundland and Labrador; 100% interest in the Pino de Plata Ag project located 15 kilometers (kms) west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico; 50% interest in the Jackie Gold project, located 5 km south-southwest of the towns of Tepoca and Carrizal, and up to 50% interest in Diamante Au-Ag project located from 5 to 15 kms northwest from Nicho deposit in Sonora, Mexico.


TSXV:SSE - Post by User

Bullboard Posts
Comment by wildman4on Nov 26, 2012 9:38am
91 Views
Post# 20642795

RE: Wildman4

RE: Wildman4

This is an excellent question. 

To be honest, I was hoping that the 1.4 million on the ask was going to clear when MF was gone. I am a little unhappy that there remains that total.

However, it is also understandable that a percentage of buyers at .02 is also happy to take a 25 percent win and sell at .025.

I never computed it, but of the 18 million sold down from .05 when MF began, I would estimate about 9 million sold at .02.

Therefore 1.5 million out of 9 is basically 18 percent of the buyers saying I will take my 25 percent and get on out of this trade and call it a win.

That is the nature of the game.  Some invest. Some trade. And that's cool.

Bullboard Posts