Post by
blackgold14 on Feb 19, 2021 3:26pm
Sprott To Target Xtierra's High Grade Silver Deposits ?
Over the last two years, Sprott has been investing heavily in the few junior companies that have already outlined a substantial silver resource. There are very few silver stocks that come close to what Xtierra has delineated so far and the blue sjy potential associated with those high grade satelliite deposits around the main Bilbao deposit. Xtierra and its high grade silver deposits have been under the radar for quite some time until recently so perhaps he is unaware of the opportunity. The higher silver price prompted Xtierra to revist and expand the resource to increase the overall value of the project and sales price if the company ends up selling the project. If the company hits big on the next three holes, then most everyone investing in silver stocks will know about Xtierra. Of course, any investment by Sprott wil probably lead to the normal response in the market, a huge upside move. In that event, since management, insiders and large shareholders own over 80% of the stock, and the float is very small, we would probably see the stock price skyrocket. Perhaps Xtierra needs to continue to add tens of millions of ounces to the resource calculation by drilling the other six targets around Bilbao until more investors, including Sprott, wake up.
Comment by
tobagocat on Feb 19, 2021 4:16pm
I know Sprott had a very small position at one time in Xtierra albiet that was long ago. No matter ...if not Sprott then it will be someone else..most likely a larger Silver and base metal producer that finds Xtierra' s assets very attractive.