CPTMatt RE GORO CSQ & Silver When I found that out a few daws ago, I immediatly called GORO to find out why. From the conversation, I deduced GORO is spending cash on about 4 fronts that will transfer to increased production and Cash flow in the next three quarters starting now. They simply think spending money on their home projects will be more rewarding, faster for the company, and not so much that Canamex was a bad investment. I immediatly bought CSQ at .045 for a trade. With a MC at $6M I think they are trading down due to the GORO selling pressure and will bounce when GORO is done. Canamex has a PEA with very good IRR & NPV numbers relative to its MC and a nice property in Nevada. I dont think its going lower and each half penny is 18% up. Could have taken that already.
GORO I added today after you alerted me to the silver price. Thanks Actually I thought you mis typed LOL! When I saw the bump, I immediately had to get some silver and choices are limited with Canada closed today. I thought about USA Americas Silver but GORO is going to be my sleeper silver horse with the most catalyst and worst sentiment (my favorite combination for short term buy and hold). GOROs going to put up some nice production increases and cash flow soon relative to its MC.
Checkmate28
Happy 4th
