RE:RE:RE:RE:Expansion of Friendly ProspectGood points Inse.
But, my two biggest issues are 1.3-1.6 million oz's and 500 million shares.
No way Sprott got into this for .3-.6 million oz's? I follow this investments, he is elephant hunting. (V.TUD, V.DSV and T.WM come to mind)
At today's stock price, another 100 million shares will be needed to take this to the next level.
I don't see Sprott coming in on the next round of financing, unless it's consolidated 10 or 15 to 1.
Hey, but if gold goes to $3,000 / oz, this will be a buck with just what they have today.
I don't like waiting, as you know other gold plays have done very well. The producers and royalty plays have done very well, and some potential elephant plays too.
I've sold off a bunch, but still keep enough of GXS to make it interesting if gold were to spike to new highs.
In the meantime, we wait.