Siverado: Up 19.05% So Far Today!
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| Topic: Gold Mining Companies — June 29th, 2007
Silverado Gold Mines, one of the gold stocks on our BUY list is up 19.05% today up from 8.3 cents to 10 cents
Recently we wrote an article saying to accumulate Silverado stock when in was at 9 cents, that was only 9 days ago, since then its up over 11%.
Silverado has a Nolan Gold Project in Alaska which is particularly interesting as they as getting more and more very high quality gold nuggets as they hunt for the source of this placer gold.
Silverado also has green fuel project which is moving towards turning low grade coal to oil, at a cost of only $15 per barrel.
We believe Silverado is a unique company that is destined for success in one of both of their main ventures and we still see this as a buy.
All those who bought this stock as we did, enjoy!
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This is what I have:
SLGLF.OB 3:08PM ET 0.094 0.01 11.90%
Comment by GMiki — June 29, 2007 @ 8:03 pm
It seems to have a huge share float. Why not Beartooth Platinum or Cusac Mines?
CUSIF 71M Shares
BTPUF 124.7M Shares
Silverado SLGLF 672.4 M Shares
Silverado would have to find a huge bonanza before the valuation could reach $1.
In addition I own some shares of TBLC with a float of
about 20M. At one point it was selling for $.60 a share.
As for Cusac, they seem to have found some very high content acomalies of gold. The Beartooth company is looking for platinum in the old Stillwater mining district. With modern techniques, they could find some high content veins.
Comment by Dhofer — June 29, 2007 @ 9:48 pm
Silverado is now at about $0.09. At one point it was at $4.00 a share in ‘98. They have been around since 1979, and still nothing wonderful has happened. Do some more research. There are junior ventures with smaller share floats and more talented geologists on board than this old clunker. Check out Canadian Zinc for example.
Comment by dhofer — July 3, 2007 @ 10:42 pm
I hold Canadian Zinc and love it, but it hasn’t been all that spiffy in the last year, either. However, I know it will pop big at some point. The latest drill results this week are great. Also look at Sabina Silver, with an investment from Silver Wheaton.
I own a big range of metals stocks. I do own Silverado and expect to make money from it.
Comment by GMiki — July 6, 2007 @ 2:58 pm
Don’t worry. CZICF has been making some moves. I am not going to say anything further about Silverado. But I will say that Coronado Resources on the uptick. I also have some Klondike Silver. I like companies that can get good drill results, and Klondike has those. Coronado has been getting good samples of gold and they are doing some refining of it.
If you want to look for a good zinc play other than CZICF, look for http://www.zinc-corp.com/ coming out. A fellow named Hughes was behind Golden Chalice, and he is the force behind Zinc Corp and Klondike.
Comment by dhofer — July 6, 2007 @ 11:52 pm
Has Silverado finally found the “huge bonanza?” (As quoted from above). There are a lot of press releases which state something to that affect. In addition, there is MUCH talk about Coal to Liquid technology at the higher echelons of US Government. From what is published, Silverado stands to make their mark in this new area of industry.
Last week SLGLF rose more than 25% and is currently at .0871/share. Inidications point to increased interest and additional increases. How high… I am no expert and offer the analysis up to more experienced investors:
Does this mean the consensus is the share price will reach $1?
I’m eager to read the results…
Comment by Bulloney — September 10, 2007 @ 3:56 am