Let's face it. Gold and mining companies are no such secrets from the trading public, most often because the grandiose companies are household names based on matured excavations and exportation practices. Smaller nougets such as UXG stand equal chance as the big boys in terms when they too can uncover "the good stuff." Yes, we're referencing gold and silver here. Efforts of strategic planning to find the next big fruitful excavation site may never surface, but when the smaller companies make a significant find, the upside momentum is nearly immediate.
US Gold (UXG), is now trading at $3.63 , breaking the comfortable range in mid-upper $2's after bullish news reports on the recent discoveries from their 12 holes drilled in Sinaloa State, Mexico. I expect the findings of high-valued minerals to make a positive impact on the book value of UXG, ultimately increasing shareholder wealth for a sustained period of time.
Results from initial findings show "the three best results of the twelve holes assayed since April 6, 2010 are: 7.2 ounces of silver per ton (opt) over 100.9 ft (feet) (247.1 grams per tonne silver over 30.8 meters (m), 5.7 opt silver over 110.7 ft (195.2 gpt silver over 33.8 m) and 4.5 opt silver over 100.4 ft (154.5 gpt silver over 30.6 m)."