Get in now......before this takes off!One of the more reasonable priced speculative plays around, Silver Spruce offers investors a chance of highly leveraged play to increasining Silver prices. Imo, Silver prices will at the very least double from here, maybe even 4X in the next two years. It is inevitable with how the economy is being strucutured.
The company itself has quite an impressive portfolio of assets for a 5 cent stock and the potential here is enormous! Of course, there has to be some cataylsts and and the following events are going to be some of the more important ones. For starters, the situation with Pino del Plata has to be resolved soon, hopfeully some time this year. Once that's out of the way, this should automatically be repriced and double from here. This resolution will lead the company being able to finally start drilling after many years of delays. If drill results are decent enough, nothing spectacular but decent or any indication of an economic deposit here should send the stock way over $1.
Catalyst number two would be their backup properties, Mesquite & Melchett. Incase Pino ends up being a total lemon, they have these two properties to fallback on and should provide some insurance for s/h. And finally, the last catalyst are Silver prices, which should embark on a multi year bull market for the metal. My prediction for this year alone would be somewhere around $40.....minimum.
The message here? Now is the time to be accumulating these stocks while they are still very cheap in relative terms.
Good luck & God speed