But first, let's take a look at its chart:
LBSV seems to have resisted all attempts at profit-taking. Apparently, traders think there's plenty more money to be made before they cash in!
Indeed, after a 6-day move from 40 cents to 95 cents, I would expect some serious selling – but it hasn't happened yet!
And now, thanks to recent news (read the section below the chart) its shares could easily score even BIGGER gains!
Volume is coming back into the stock after its great run in April
Selling has almost been non-existent with the stock. After its April run-up, the stock has held its gains and even added to them!
The MACD is bullish with a slight downtrend. It could turn up quickly if more buyers come into the stock
The stochastic indicator is giving an oversold signal, but historically that has not caused any sell-off
Bottom Line: LBSV has shown great price elasticity and has overcome any attempt to drive it down – and that says to me that the stock is under accumulation and traders are expecting more gains!
Traders are paying close attention to recent developments!
First off … LBSV's Trinity Silver Project in Nevada consists of 59 mining claims on approximately 5,800 acres.
Silver was discovered on this property by U.S. Borax in 1981, and it was a producing mine from 1987 to 1989, when 5 Million ounces of silver were recovered!
Mining ceased after that, because silver prices back then were too low to support continued mining efforts. However, a Boraxstudy indicated there are still over 30 million ounces of silver in the Trinity Silver Project!
And now … silver is appreciating more rapidly than gold!
“Drill hole intercepts” indicate the possibility of up to 60 ounces of silver ore per ton – in an area where just 3 oz. per ton is considered extremely good!
And once this strike is absolutely confirmed and exploited – LBSV's share price could shift into high gear and explode up the charts!
And that's why...
LBSV has closed on a $1 Million private placement!
LBSV recently announced the receipt of $1 Million in private financing designed, in part, to help the company bring the remaining silver in the Trinity Silver Project out of the ground.
According to LBSV’s Vice President and CFO John Pulos:
“The completion of this financing is another significant milestone in our ongoing corporate development. This additional capital will continue to fuel our growth strategy and enable us to accelerate plans for re-development at the Trinity Silver Mine."
LBSV is still flying under most trader's radar screens!
And that could be your best opportunity for BIG profits!
Listen … the 1970s saw a huge bull market in silver. And today, many analyst feel silver, largely undervalued, could experience another bull run.
In fact, over the last few years silver prices have been rising faster than gold!
And with the current global economic, political and currency risks, silver’s value could RISE SIGNIFICANTLY higher …benefiting LBSV's bottom line and potentially lining your pockets with handfuls of silver!
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