Sprott Resource Corp Ord SCPZF

Buy Backs are Good

[Mine_Professor]

Good to see Sprott buying back stock.

Sprott is a large owner of High Desert Gold, (HDG)  they own 6 million shares or 15% of the company.

High Desert  has $11.5 million cash in the bank and 40.5 million shares outstanding.
 
This equals 28.7 cents cash in the bank for every share outstanding.
 
High Desert share price is 14 cents.
 
Therefore High Desert share price sell at 50% discount to its cash in the bank.

Sprott will probably buy a few more or do a corporate transaction with High Desert.