Newmont might be interested in the Nevada gold proThis was new information to me:
"The Company continues to seek a partner for the SBD project in Nevada located near Newmont’s Phoenix
Gold Mine. SBD drilling results by the Company in 2007 confirmed the existence of an under-explored zone
of gold mineralization similar in nature to that hosted in the nearby Trenton Canyon Mine. Subject to
available financing or farm in, a comprehensive drilling program may be carried out by the Company to
expand this zone and develop a potentially commercial inventory of gold mineralization on the claims. In
early 2011 Newmont signed a confidentiality agreement for SBD with Sparton and was in the process of
studying the technical data for the project."
Lee has so many interesting balls in the air, that he makes it almost impossible for the average investor to understand the company, for the moment I don’t care since I continue to accumulate cheap shares, based on the fact that several of these balls are worth more than the current MCAP of Sparton.
It feels good to be in here hunting the 10-50 bagger together with Sheldon Inwentash. Another company we share interest in, IBC advanced alloys are finally performing well today, and I’m convinced SRI will have it’s day in the sun sooner or later.