RE:RE:RE:RE:RE:RE:RE:Hey Wood, Doug and EarlyThis bull is definitely a young one still. We are hovering around $2k gold and yet it feels like the generalists can't get out of second gear, almost as if they believe we are headed back down to $1,200. That won't happen and once the public realizes we are headed $500 to the upside instead of the downside they will be kicking themselves that they failed to take advantage of these ridiculously low share prices.
The truth though for many investors are they are too scared to "risk" investing in penny stocks. They would rather wait for a stock to break $1 and take a one bagger when it hits $2 instead of getting in early at a dime and earning a 20 bagger.
Many investors cry a river of tears when their stocks go down or sell. It is almost as if they only want to buy when prices are going up. That is completely contradictory to how one should play the market. Most of us are contrarians and patience will reward us.
Sprott will lead us to the promised land with SPA. Sprott, btw, does his research exactly like I do mine: I scour, review and put prospective juniors to the test to see if they meet my criteria. Many of us were here well before Sprott, but of course he is the one with the resources to move the needle.
What gives us and Sprott confidence in SPA? I would say the two primary considerations are size and jurisdiction. The list of juniors with 7 to potentially 10mm oz of gold in a tier 1 jurisdiction are not very lengthy.