Kerr Mines Inc (KER)

[goldenpolarbear]

Billionaire Eric Sprott Builds Position In Gold Mine!

There’s just something about gold… it’s nice to own and invest in, but it can be fraught with problems when you try to analyze what a company’s worth. We found a good one in Kerr Mines (TSX: KER) (OTC: KERMF).

We’re not the only gold bugs who’ve shown an interest in Kerr Mines. Precious metals guru Eric Sprott holds a 9.4% position and one thing you can say about Sprott is, he’s a savvy-investor, when it comes to gold stocks.

Kerr Mines owns the Copperstone Mine in Northern Arizona, which is a late-stage development and former producer of gold. Copperstone consists of an 11,800-acre land package that historically produced 500,000 ounces of gold.

Now having lots of acreage doesn’t necessarily mean it’s all ripe with nuggets of gold just waiting to be picked up, but in Kerr Mines (TSX: KER) (OTC: KERMF)’s case, its damn near that rich – and WAY UNDERVALUED in share price, which we’ll explain further on.

The [property] is fully-permitted with extensive infrastructure in place, meaning Kerr Mines has a 450 ton-per-day mill already onsite and the tunnels going down to the high-grade gold ore are already there. Electricity and water are there too, so the cost to Kerr Mines (TSX: KER) (OTC: KERMF) is LOW< LOW<low to produce.

http://www.financialstrend.com/billionaire-eric-sprott-builds-position-in-gold-mine-34436.html

[color=red]Well at least Eric, seems to be holding his position in Kerr Mines[/
http://m.marketwired.com/press-release/eric-sprott-announces-holdings-in-kerr-mines-2200647.htm