RE: This could be a steal at these PricesThis thing is trading around cash value..... their Promontorio Silver project in Mexico looks solid to me.
A buddy of mine phoned up their IR yesterday, and apparently they will release 2 NR's over the next 3-6 weeks covering 20 drill holes, which I am assuming is exclusively results from Mexico. Their 2 drills down there have been idle due to market conditions (preserving cash), but they will resume drilling shortly and are well-cashed up with $15-$16 MIL in the bank. Their IR guy also mentioned further acquisitions.
No volume and no interest - perfect, so I loaded it up in the gutter last week. I have noticed Canaccord accumulating over the last few weeks, so when the selling dried up in the 0.30's I decided to jump in.
The PP was over-subscribed at $2.20 or whatnot not too long ago and here it is struggling to catch a .40cent bid. Seems to be lagging the junior market rally....