The Play Of the Day: GSR.TO (This is speculative picks week)

Yukon: what a nice place.

Interestingly this area is filled with gold and without a doubt GSR.TO is making discoveries one after the other.

In the last week only, they reported two very interesting discoveries: the first one last week in their grab samples where they found 8,18 ounces of gold per ton and today they announced that their samples taken from their Lucky Strike property revealed (after a fire essay) a good 3,2 grams gold per tonne.

This is still in the first preliminary sampling and they are not at full scale drilling yet BUT these numbers seem more than enough to go ahead and explore a lot more even if those samples are very selective by nature.

We must understand that it is Yukon and getting the ore drilled into production is another story that will be known after a feasibility study is completed.

But at this time results are really encouraging and at the 0, 65 cents per share it is a good speculative buy as i expect that more and more discoveries will be announced in the coming months.

If those results were to be as positive i would not be surprised to see that company share price goes well over 2$ for a very nice return on the investment.

But remember that this is speculative in the sense that even if resources are there, nothing has been produced so far and no profit has ever been generated. To get into production it will most probably have to get into some kind of financing deal that will dilute the actual share count.

But, as a speculative stock, if it is played properly, there is good chunk of money to be made there and you could accumulate tons of share at cost near 0.

So at this price, it is worth a try.

As usual DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with caution.

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