This information is coming from our largest shareholder.
Incidently, IMO, There is to much negative posting from current and prior shareholders here that do not even have a clue about what is going to happen in the precious metals markets. This will all add up to huge moves in the quality miners. We are setting on a literal gold mine here with USGIF (I should say silver mine.) Anyhow let the games begin.
In the writing below Sprott has recently been involved in some private placements regarding mining stocks. Oh by the way, USGIF just did a private placement for $5.7 million dollars! Hmmmm? I have not and will not sell any shares of this little Silverapple! If Sprott is correct, we are looking at a $20.00+ stock 1 year from now. Of course anything can happen, however I am more optimistic than ever going forward.
8/23 Billionaire Sprott - how investors can make 3,000% in 1 year! – King World News
“As I look at the landscape and see all of the obvious things that indicate a shortage of gold, and a lot of demand for silver, it would seem to me that we are going to see some serious price spikes here.
I’m suggesting that within the next year we would see something like $2,400 (for gold). What all of that implies is the opportunity in the equity side (mining stocks) is spectacular ... There will be some (companies) that will go up 10, 20, and 30 times (in price) within a year.
To me, those are opportunities that rarely present themselves, and I’ve been in this business a long, long time. I don’t even think I’ve seen an opportunity where you could imagine that within a year you could make 3,000% on something. So I think it’s a great opportunity for people.
The market is already telling us we are in a bull market, although most people probably don’t feel that way. But you look at the results so far and they have been pretty stunning in terms of the rallies in the (mining) stocks. So I really believe it’s a great time to be buying (those) equities here.
I would suggest to your listeners (and readers) that they don’t wait too long because things are happening very, very rapidly. I can tell you I’ve been involved in a number of private placements lately, to try to position ourselves for some of these larger moves that we think are likely to happen.”
Eric King: “I’m going back a little bit now, Eric, but I said this to you at one point in 2009, there was a 10-year run where I strongly believe you were the most accurate forecaster in the world with your written works. You rose to become a billionaire, but as John Embry said to me, ‘People don’t realize it, but Eric and I, we rose from nothing. We were broke when we were younger.’ And you’ve made fortunes in the investing world. What you are saying today is, this is literally one of the greatest (investing) opportunities you’ve ever seen in your life.”
Sprott: “Well, as I sit back and look at it, Eric, I think it is the greatest. To imagine you could make that much money (3,000%) in one year, as other financial markets are not performing well. And here we have this huge opportunity to own the metals, and/or the shares, and make this outsized return, which is exactly what happened in that last decade when the gold stocks rallied by 1,800% off the low.
So that’s the type of thing that we’re looking at here -- a re-continuation of that phase. We took a 2-year pause, but it certainly looks like it has restarted again.”
