| Why? 19M in cash, no debt, unhedged, gold and silver reserves, mines in Mexico which has less political risk, well managed, just hit AMEX so it's under the radar of many, low cost of production (around $182 oz). Thats the FA part. For TA, huge volume spike and runup recently, cup and handle forming, bounced off 1.01 support nicely... .90 is next support resistance at 1.19, 1.23 then 1.35 areas. I mainly bought this one for the FA reasons and some TA which I rarely do. Yes, it's my favorite play in the core juniors and most likely is for a few on this board. |
