Spanish Mountain Gold Ltd V.SPA

RE: Warrants and Options

[Everett06]

Having waited and watch over the gold market for a long time, the macros are now so beyond powerful that my take is gold price has nowhere to go except very much up when we look pass the volatilities. As such, for my SPA, I have resolved to sit tight and allow management, presumbly under the marketing guidance of ES, to do what they have to do. I just can't believe a 4.1 million-7 million oz possibly to 10 million oz gold resource at present gold price which is going to rise into the future for multi years is only worth C$150 million+ and selling at C$0.47 per share !!

[Parth77]

You are absolutely correct.  Just another 'tid bit' to think about is the fact that we have a strike over three times the length of the current pit over in the phoenix zone and ... nobody seems to be giving that any value at all. 'If' the grade over there is 'half?' of what we have in the pit how many more millions of ounces could be over there?

[mackvorkian]

Millions of oz, that's how many. Now they have lots of money to drill holes in it.

[Earlyone_1]

Agreed Mac.... My feeling is that they will prove up millions more ounces on their project.  I am Hoping For The Best ;)

[Heywood_Silvers]

Uh-oh, if we prove up millions more of ounces, Taylor Dart won't like that very much.  It could ruin his thesis about SPA not being "investment worthy".  Hah!!