Wits Basin Precious Minerals (fka WITM)

[YankeeAce]

I do recommend accumulating at these levels. I am buying below $0.20. I believe we will see a bounce off of the lower bolly here and a movement back to $0.40. We will be fueled by the PR's updating us on what I mentioned before. Nice opportunity to double your position here and maybe more. Management is still assembling the team to make this a successful venture. I don't see how they would not decide to buy this property. In previous posts I have derived forecasts based on figures from PR's that support paying back the cost of this property within the first full year of full scale extraction. With the price of gold at current levels this one is a steal. I have a few friends accumulating as well and I do plan to make a trip to the site this spring. The weather out here in Colorado is amazing right now which should mean that the dewatering process is progressing smoothly.

Oh, and my initial estimates did not take into account any parallel vein projects, nor did it account for the silver that was found. I unloaded most of my position at $0.37 but plan to put it all back in below $0.20. Only got a small piece today.