Xtierra was first featured in the Midas Letter in the November 2010 issue of the premium edition and has since doubled in price. Shortly after that, Sprott participated in a $4 million private placement that just closed this week.
With the advanced Bilboa silver-zinc-lead project in Zacatecas, Mexico in feasibility with a 140 million ounce silver equivalent resource, and trading at a market cap of $33 million, the disparity between the reality and the should-be makes this a nearly too-good-to-be-true story. The company’s still very low market cap relative to its contained silver value and very advanced stage of the deposit makes it very appealing.
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