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Monday Penny Stock Review - SPAG
Spartan Gold Limited (OTC BB: SPAG), the U.S. based junior gold exploration and mining company had information released on its estimated gold reserves
expectations on gold growth and had a price target of $1.97 set by Grass Roots Research.
The report stated on the gold price/market, ‘As anticipated, 2010 was an outstanding year
for gold; demand was strong in all sectors. Annual gold demand grew 9% to 3,812.2
tonnes, worth $150 billion. ’
According to Grass Roots Research, ‘based on management estimates, the Company’s total gold reserves are estimated at over 4.1 million ounces. Based on estimated long term future prices of these precious metals, estimated cost of extraction and production, the total value of these reserves is forecasted in excess of $1.5 billion.’
Stocks to Watch: SPARTAN GOLD LTD ,Marvell Technology Group Ltd. , Microsoft Corporation
Todays Focus Stock
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With the gold price soaring, many investors are looking to gold stocks as a solid investment. Many feel a strong alternative to an actual gold investment, at these gold prices is investing in gold mining stocks. Junior gold mining stocks are a great way to enter the gold market when investing in gold stocks. So instead of buying actual gold think gold mining stocks instead
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