SPA.V Bullish IdeaWith concerns of rising inflation and gold starting to push record highs again, keep an eye out for Spanish Mountain Gold to breakout again like it did last summer.
SPA trade ideas
Cloned that trend lineCloned the old trend line after it broke a few months ago. Now we're tracking that line perfectly. Again, still waiting for that decisive breakout.
Spanish Mountain GoldMan this line has been buggin me for like months. Another attempt to break it? Could be a big deal for this company.
SPAUpdate SPA.
SPA is on sale right now! PFS, resource update and dirllresults can come any time.
Buy the dip !
Spanish Mountain Gold Ltd.SPA looks ready to go !
Expect a breakout to test 0.53 resistance
Longterm I see a stockprice above 1 $
Spanish Mountain BreakoutSpanish Mountain Gold has broken out following a consolidation period. Their ongoing feasibility study with a combined rising gold price environment should lead to intense gains.
Silver Junior Miner Value Hunting - SPA / SPAZFSpanish mountain has very little debt and is highly leveraged to the price of silver.
Very little downside here, tons of mid & long-term upside potential. Intrinsically undervalued company & assets. They're sitting on a literal mountain of silver trading well below their 2016 peak.
Conservatively I see SPA / SPAZF increasing 150% in 2020. All this requires is SPA getting back to its 2016 high when silver was at $19.
If we get $21 or $25 silver, which I believe is highly likely in 2020, then a 1.5 bagger in Spanish Mountain is pretty much guaranteed.
It could fall from 9 cents to 6 or 5.5 cents, which is a 30-40% loss, and it could easily rise 150%. That's an extremely favorable risk-reward.
If silver were to rise to $30, SPA could rise 400%. 50$ silver would give us close to 1000% gain in SPA.
And eventually, when we get 3 digit silver. Whether that's $100 silver or $500 silver. Juniors such as Spanish Mountain could become 20-100x baggers.
Think long-term ;)
Gold and Silver Miner Buying Opportunity At Gold current prices, Spanish Mountain and many other junior miners are severely undervalued.
Merely a move back to previous highs would be significant.
In the event that we see a 1970's or early 2000's style gold rally in the coming decade, junior miners such as Spanish Mountain will perform incredibly. I continue to believe that the gold mining sector has enormous potential that is being overlooked.
I am anticipating more of a pullback in gold, which would coincide with a little more downside in SPAZF. Even if we don't see that pullback, I will continue to dollar-cost-average in SPAZF and other miners for long-term investment.
This is not trading or investing advice, merely educational research. DYODD
