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Re: ChrisCucs post# 11487

Sunday, 12/19/2010 11:28:10 AM

Sunday, December 19, 2010 11:28:10 AM

Post# of 101798
Yes, I think it should be there now, actually easily over .10 right now. SNEY own 100% of the land they are mining. Very rare from what I can see in other exploration companies. Most that I have seen only a percentage. But beyond that they know for a fact that there is around 2.3B in gold there not including silver and rare earth. I am still fairly new to the penny world but it seems that penny stocks are not ever priced accordingly to the reserves that the company has in its product. In this case gold. Thats just my opinion but even basing it on the 1.45 million ounces that they have extracted from the ground still doesn't give SNEY's stock price .01 with a 650m float. I forgot to ask, why did they increase float? I would think they would want less shares available to give their stock a better share price, right?
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