Cheap Silver

Posted by Bob Moriarty - 321Gold.com

Share on Facebook

Tweet on Twitter

Unknown

UnknownThis is a Junior Mining Company that Bob Moriarty of 321Gold thinks is both undervalued and highly valued by sopisticated investors.

Specifically, Soltoro Ltd has 77 million ounces of silver in the ground at its El Rayo project, which works out to 1.1 ounces of silver per share or about $.15 an ounce for silver in the ground. As for sophisticated investors, a major Mexican billionaire controls over 14% of the stockm Directors and management control over 7% and Coeur D’Alene Mines owns about 7% of this company – Money Talks

Read more about the Company and its prospects HERE

Although Bob Moriarty thinks this company is positioned to go much higher, keep in mind that it is still an exploration company and not yet a producing company. In short this is a high risk situation.