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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
Post by Everett06on Aug 27, 2020 3:01am
272 Views
Post# 31458985

Prepare For Lots Of Volatility

Prepare For Lots Of Volatility
Agree there will be lots of volitility going forward.

Believe Gold is not even cose to a bubble stage yet but more of an immature bull market by which it is susceptibe to corrections along the way.

Players are still very suspicious whether this gold price will stay at this break out levels. But then as gold has gone through a 4-5 year of bear market from 2011-2015, for it to break out and then suddenly reverse back into a bear market is imporbable in my opinion as this ever happened before with any sector or asset class.

Meaning gold will likely yo-yo up and down but it wil stay in a bull market for the next 3-5 years at least. Per forcasts by 55 names, for the POG, $3000 is assured, $10000 is likely and $20000 is possible. As of now I choose to be guided by that $3000 mark.
Bullboard Posts