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Strategies & Market Trends : Ride the Tiger with CD

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From: zoo york	11/18/2006 3:11:19 PM
	Read Replies (2) of 313022

SPM reported more great exploration results: scorpiomining.com. I saw that NR come out when I was in New Orleans, and I have not had the time to work out the relative value of this latest hit, but I will just state that greater than 10% lead-zinc ore over an 8m interval is yet another huge intercept, not even counting the silver grades. The frequency that the company is able to report on these wide new zones, and the high grades across significant tonnages, makes SPM a baby ECU in my opinion. Just because the market seems to be ignoring this success right now does not mean that the stock cannot play catch-up very quickly. Sooner or later all of this news since the summer will start to show up in the share price. And I know we have run for gains of about 50% since September, but the share price is only just now recovering to where it was in April, and the company has reported more than a million tonnes of new high grade ore discovered since then. So I still consider this one extremely undervalued. cheers! COACH247

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