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Silver Spruce Resources Inc V.SSE

Alternate Symbol(s):  SSEBF

Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario. The Project is an advanced precious and base metal property located in the Thunder Bay Mining District, northern Ontario, Canada. The Project covers 11,236 hectares with volcanogenic massive sulphide (VMS) and Au targets located in east to southeast-striking, subvertical to moderately Archean metavolcanic quartz-sericite schists to coarse fragmental units. The Company intends to own 100% interest in the Mystery Au project in the Exploits Subzone Gold Belt, Newfoundland and Labrador; 100% interest in the Pino de Plata Ag project located 15 kilometers (kms) west of Coeur Mining's Palmarejo Mine in western Chihuahua, Mexico; 50% interest in the Jackie Gold project, located 5 km south-southwest of the towns of Tepoca and Carrizal, and up to 50% interest in Diamante Au-Ag project located from 5 to 15 kms northwest from Nicho deposit in Sonora, Mexico.


TSXV:SSE - Post by User

Comment by treehugger2on Nov 25, 2021 11:09am
137 Views
Post# 34165156

RE:Out for now, but may come back!

RE:Out for now, but may come back!Momo, thanks for taking the time to bring all the sensible items that you have brought here. And I hope the management do reads this site.
However, I do not agree with the share consolidation item. Please consider this, they just added about 50 million shares and the price went to 3 cents. In a scenario where they share consolidated again, all they will accomplish with is burying the existing retail shareholders and only in the interest to attract new shareholder victims and just as they did previously. Example: in a scenario where they consolidate 5 to 1 and say the share jumps to 35 cents, in my case, as an existing retailer shareholder I will be exactly where I bought my shares with very little prospect of advancing my SSE investment from there and not until they have build a mine at PINO, and that considering SSE’s finances is a prospect highly unlikely to happen.
So, what I am hopping for is this. They secure their agreements with Pino’s people and then negotiate fair business with a major mining company. Indeed, PINO is where the value is -- lots of it I believe…..
 

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