American Pacific Mining ORD (CNSX:USGD) (FRA:1QC) President Eric Saderholm talks about a new big gold project in Nevada with a lot of positive grades. The project was taken on at a good deal from Novo Resources Corp (CVE:NVO). The site has a history of good test results going back to the 1990s.
Dislcosure: Michael Swanson, who is editor of WallStreetwindow.com, owns shares of American Pacific that he purchased in a private placement. Due to the fact that American Pacific is a small cap stock with a market cap less than $50 million he will not buy or sell a share of it until at least after 30-days of the date of this blog post. You may get the impression from watching the financial media that all stocks go up forever. This is not true and in fact the majority of stocks end up going to zero eventually. All investments in stocks carry risk and go up and down from time to time and sometimes for no discernable reason at all. There is no such thing as free money. It takes work and risk to make money in the financial markets.