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Spanish Mountain Gold Ltd V.SPA

Alternate Symbol(s):  SPAZF

Spanish Mountain Gold Ltd. is a Canada-based exploration-stage resource company. engaged The Company is engaged in the acquisition, exploration and development of mineral properties. The Company is focused on advancing its 100%-owned Spanish Mountain Gold Project in southern central British Columbia. The Spanish Mountain gold project is located about six kilometers from the village of Likely, in the Cariboo region of central British Columbia, approximately 70 kilometers north-east of the city of Williams Lake. The Company does not generate any revenue. The Company's wholly owned subsidiary is Wildrose Resources Ltd. (Wildrose).


TSXV:SPA - Post by User

Bullboard Posts
Comment by DouglasFir2on Jul 15, 2020 10:21pm
184 Views
Post# 31273974

RE:RE:RE:RE:RE:RE:RE:RE:Thank you, Mr. Sprott

RE:RE:RE:RE:RE:RE:RE:RE:Thank you, Mr. SprottBud. Thanks for the link. We learn more from Don Durrett on what is going on than we do from a decade of posts from Larry. Don wrote the piece prior to the Sprott buy-in and seems to have a communication with Sprott prior. He says he can now provide more information for investors which has to be positive for our transparancy, disemination to a wider group of investors and hence liquidity

The SPA management must have done a deal with Eric Sprott (he just didn't put $2m on the table as a passive investor), and it may be that he will provide the bulk of the financing necessary to get to the mining decision and he may be running the agenda. 

Lets hope we get regular updates from Don Durrett and Eric Sprott. Don is a bit tough on his scoring. One's assessment of downside risk depends on one's appreciation for the gold price and your investment horizon. SPA scores well IMO on 12 of the 15 factors. However buzz is self-fulfilling, and being a bulk low grade resource with production rising to 300,000 oz over time is part of SPA's attraction, especially when the market cap is just $50m Can. As with all mines it will take capex to get it into production.
Bullboard Posts