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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 Heywood_Silverson Jul 23, 2020 9:14pm
207 Views
Post# 31311699

RE:RE:RE:RE:Pull-back?

RE:RE:RE:RE:Pull-back?It all depends on what you do with the gains you pull out.   You have to balance diversification against opportunity costs.

Realistically, I think we got a decent chance at a 10 bagger from these levels.  5 bagger is a slam dunk, but if the gold bull gets as frothy as I think it will over the next few years our previous highs should be smashed.

If you want to re-deploy funds to other juniors which have a higher potential bagger factor than SPA that may be a nice move.  If you're overweighted in SPA due to recent gains a redeploy may make sense.  If so, may I recommend ATAC Resources?  I believe it is easily a 25 bagger from their current levels if not higher.  Just my two cents worth, do your own due diligence.
Bullboard Posts