USPR. OTCBB GOLD STOCK trading 5x below peers.
Other OTCBB Gold stocks such as SDRG, GORO, CGLD, and GBGD are trading at market caps averaging $60 million. Each stock in this group has no reported revenue at the moment. The only thing going for each of these stocks is potential with their properties.
USPR is a gold stock with the exact same structure as these other stocks. It has no revenue at the moment, but it has a great number of properties in Mexico that it is just now beginning to access. USPR focuses on gold and base mineral resource properties primarily located in the southern portion of the states of Michoacan and Sonora, Mexico. Specifically, USPR owns exploration concessions to multiple Solidaridad properties located in Michoacan, Mexico. On March 13, 2003, the Company acquired Solidaridad I (175 hectares), also received on March 27, 2003, the exploration concession from the Mexican government for Solidaridad II (2,164 hectares). On July 22, 2003, the Company acquired the exploration concession for Solidaridad III, (294 hectares) and Solidaridad IV, (149 hectares). May 25, 2004, the company received the exploration concession from the Mexican government for Solidaridad V, (La Ceiba 921 hectares), (1 hectare = 2.47 acres).
Mexican gold mining takes place in the mid-central portion of the country. To date, very little mining activity has occurred in the Mexican state of Michoacan. If this is the case, why should we be excited that USPR is focusing their efforts here? First of all, there is a reason why Michoacan has had little mining activity. In 1985, Michoacan was devastated by an extremely powerful earthquake that damaged much of the region's infrastructure. Many of the roads to the Solidaridad mining properties were damaged by this event and subsequent years of neglect made access to these areas nearly impossible. For USPR, this was a blessing in disguise. The damaged roads hindering access to the Solidaridad mining properties have kept the area in pristine condition. While other areas of Mexico have been heavily mined, the minerals of the Michoacan Solidaridad region have been left alone.
To equal these other stocks in market cap, USPR should be trading at $2!
