Hi and Good Morning,
This morning we are going to be looking at a play that is a historic runner. In fact, the last time we looked at this company it took off, reaching a high of .014 after closing the previous day at .0023. That’s a jump of over 508pct.
Although the past is a poor indication of what the future holds, it’s currently sitting at .0044 with several green short-term indicators… and once again, there could be some serious upside potential. So let’s get to it:
Today’s profile is on:
Western Sierra Mining (WSRA)
Website:
www.westernsierramining.com
Quote:
www.otcmarkets.com/stock/WSRA/profile
Historically, Western Sierra Mining Corporation has focused on the strategic acquisition, sale, joint venture, management and extraction of precious metals.
In order to take advantage of current and forecast market trends, opportunity and demand, WSRA plans to aggressively pursue development of the water rights and gold and silver assets it currently owns to simultaneously pursue a diversification into other natural resource-related projects.
As of Dec 31, 2014, the Company’s Total Assets were valued at over 53Mln Dlrs.
The Company’s assets are made up of 41.1+ Mln Dlrs in Water Rights and another 12.2+ Mln Dlrs in Mining Property and Ore Resources.
In a Company shareholder report their operations were as follows:
Water Rights:
The Company completed the acquisition of various water rights in Northern Colorado with a combined appraised value of 40.5Mln Dlrs.
Mining Properties:
Gold River Mines – The mines have a total of 102k oz. gold resources, 593k oz. silver resources, 423k oz. probable gold resources and 362k oz. probable silver resources.
At $1200/oz Gold and $20/oz Silver, the gold reserves total 122Mln Dlrs, the silver reserves total 11Mln Dlrs.
The probable gold resources total 507Mln Dlrs and the probable silver resources total 7Mln Dlrs.
The Company also completed several acquisitions of mineral properties located in the Bradshaw Mountains of Arizona. They include:
The Sun Gold Group, The Big Chief Group, The Oro Cache Mine, The Eagle Mine and The Treasure Gulch Mine. Total reported gold reserves for this group are approximately 500k oz of gold and 900k oz of silver as follows: 100k oz Au proven, 400k oz Au probable/indicated and 550k oz Ag proven and 350k oz Ag probable/indicated.
These mines as well as others are available for sale or development through the establishment of Joint Venture relationships.
According to WSRA’s website, Western is continuing its exploration programs and anticipates acquiring several additional properties.
About Western Sierra:
WSRA is a precious metals and minerals mining company. Incorporated in Utah in 1907, the Company has a heritage of over 100 years in gold and silver mining and exploration. According to its website, the Company has an active and independent six member Board of Directors presided over by a Chairman who is the former CFO for Nabisco Foods, European Division and a President with over 30 years experience in mining and running public companies.
WSRA’s management has experience in taking potential mining properties from the exploration phase to production. The Company’s development plan is to enhance mining activities on the resource properties that are already in its inventory.
Western Sierra is primarily a project development company capable of taking a potential target mining property from exploration to production either for its own account or as a joint venture partner or operations contractor for others.
In addition to its core mining and processing operations Western also provides a variety of services to the mining industry including project management, project certifications and evaluations, mine engineering and environmental permitting.
WSRA is dedicated to the creation of equity through the efficient extraction of gold, silver, and other metals and minerals at the lowest possible cost using all available technologies
Western Sierra Mining was founded on production and developmental mining projects historically in the Western United States and Mexico and continues that general philosophy today.
The Chart:
In addition to the Company’s impressive properties, several indicators from WSRA’s short and medium-term chart are also showing Green right now:
Short Term
Exponential Moving Average: Very Bullish
Moving Average Convergence/Divergence: Very Bullish
Stochastic: Bullish
7 Day Average Directional Indicator: Green
20 Day Moving Average vs Price: Green
Mid Term
Exponential Moving Average: Very Bullish
Moving Average Convergence/Divergence: Very Bullish
Relative Strength Index: Bullish
Three Day Displaced Moving Average: Bullish
50 Day Moving Average vs Price: Green
50 Day Parabolic Time/Price: Green
Long Term
Exponential Moving Average: Very Bullish
Moving Average Convergence/Divergence: Very Bullish
Currently a subbie at just .0044 with this many green indicators… this situation could have explosive potential.
Considering significant assets in both mining and water rights, WSRA is one to keep a close eye on.
Make sure it’s on your Watchlist immediately. Currently, at .0044 there could be a large upside.
We’ve seen it run big in the past from .0023 to .014. Two things to learn from this… it can run and it can be highly volatile.
And remember volatility can go both ways.
Timing is everything. Watch very closely and get going on your research immediately.
Remember, we always encourage you to do further research. Never take our word for it, read our disclaimer to see why, and of course always consult a professional.
Just because a situation looks great things can still go wrong and often do. Be smart and protect yourself.
Enjoy your morning,
FatCat
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