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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

Comment by Heywood_Silverson Apr 25, 2021 6:34pm
172 Views
Post# 33064306

RE:RE:RE:SPA

RE:RE:RE:SPAWhat do you think will happen when the gold bull reaches its mania phase?  We have like less than 1% of people invested in gold - we haven't even barely started warming up yet and gold just recently (for the fist, but definitely not the last) time broke $2k.

ANY stock with the word "gold" in it will eventually be sought after by every Tom, Phil and Harry out there.  SPA will be well past $1, probably past it's all-time highs at $2.

So, if you loaded up in the 10 to 20 cent range, no worries.  Realize that, using historical S&P returns, it would take about a quarter century to achieve the equivalent of a 10 bagger in "normal stocks".  The majority of us here who have invested in the last 5 - 8 years won't have to wait a quarter century.  The lows to the highs in the last year alone were a ten bagger.  What is a 10 bagger now?  Yep, that $2 level I just mentioned.
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