YSP, Spartan Resources, also started trading in September. Quickly went from ~ $0.75 to $1.60 and the down to $0.95 from where it is now edging upward. Has a joint venture with a Chinese company with a 143 sq Km property in the Luxi Gold Belt in the Yunnau Province. YSP has an 80% stake. They also have a 12.5% stake in the large Chebucto gas field offshore of Nova Scotia which the company says could bring in $20 million dollars for them. Who knows, it might even be worth more because the price of gas is climbing, the same as gold. Having gas properties in addition to gold properties is nothing to belch at, sorry, I was thinking about my Thanksgiving dinner. I'm not sure when the money will be coming in from the gas properties, I have to do more DD, but it would seem that it would be much sooner than any money from their gold properties (it takes years to dvelope a gold mine) and if the money from the gas wells starts coming in they could use it to fund their gold explora- tions. So, not only is this a company doing business in China, but they have the added kicker of a stake in a major gas field to help kick their stock upward.
Posts: 580 | Registered: Oct 2003
| IP: Logged |
I sure like your picks for long runs. Have you come across companys that are doing the same as this just north in the Russa area? I don't know if you read Tom Claney.
Posts: 158 | From: Frsno Ca. | Registered: Sep 2003
| IP: Logged |