First off, this is a sector play in PM's. It doesn't matter whether it is gold or silver. if the sector goes off, this stock goes off. But when a sector explodes to the upside, these second/third tier minis are not the first to move. They are more later stage. But when they go they really GO!!! That is why this is a spec investment. Do not bother with drilling reports at this time. If Gold is $2500 and Silver $32 an ounce these guys everyone will rationalize why its a BUY.
My position is that I am a new entrant in this bear because after 7 years the cycles usually rotate and PM's are the place to be. If you rode it down then it may be prudent to average down-not advice
I'm just investing in red blurry images. Its that simple
IVR Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
