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Stroud Resources Ltd V.SDR

Alternate Symbol(s):  SDURF

Stroud Resources Ltd. is a Canada-based international mineral exploration company with an exploration portfolio in Canada and Mexico. The Company holds its interest in its Mexican properties through its wholly owned subsidiary, Compania Minera San Diego y La Espanola S.A. de C.V. (Compania Minera), which holds prospecting and exploration permits for the properties. Compania Minera holds rights to the Santo Domingo II and Nombre de Dios mining concessions, located approximately 80 kilometers northwest of Guadalajara, the capital city of the State of Jalisco, Mexico. It also holds a net smelter royalty of 0.5% on properties located in Hislop Township, Ontario.


TSXV:SDR - Post by User

Comment by StrikeGoldon Dec 14, 2021 1:08pm
139 Views
Post# 34229572

RE:Take out the ask for a list 300 bucks

RE:Take out the ask for a list 300 bucksThe point to notice is that there is no a huge block of asks.  People are scared to buy in because of the price drop.   Bad news is assumed simply because the first set of drill holes was in an area outside the main zones on a first attempt of drilling.  Also because of slow infill drilling progress in the main zones  

Someone can certainly chose to blame management if they feel it was a bad decsion to drill in an unknown area first, or one can say that they drilled where they could given that they had the drills handy and drilling could be gone quicker there.  Labs are also likely backed due to pandemic concerns.   I am giving management slack in those matters.

Looking at the last drilling program 10 years ago, where a million ounces was added per hole drilled I think it was, I am assuming that there is much more silver to be found.   I don't consider the drilling program to have failed at this point. 

 
 
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