North Springs Resources (NSRS) Hasn’t Peaked Yet

Due diligence has started to pay huge dividends for CEO Harry Lappa and hot penny stock  North Springs Resources Corp. (OTC: NSRS) as the junior gold mining company traded over $55 million in stock today and toping $1 Billion in Market Cap.

Not bad for a company that was trading less than $0.01 in September, 2011, $0.07 in November, 2011, and had a whopping $16.00 cash in the bank which led many to think NSRS was a scam on another gold stock.

If you bought penny stock NSRS prior to 2012 or you bought it in today’s trading session, you’re probably itching to know what the future holds for this stock. One thing for sure is you can expect tomorrow’s video release of the Goldstar/One Arm Joe Gold Project to be attractive since CEO Harry Lappa surely would like to get a higher price for his massive share ownership before the company follows the footsteps of his prior stock trading companies.

Float: 196.00 Million

NSRS is based in Nevada which has been one of the largest and most mined states in the U.S. for decades. It has been considered to be one of the most successful areas in the world for gold mining. Gold reserve estimates have remained at 10-12 years of projected production for over 20 years now meaning Nevada has very low risk of running out of gold to be mined.

The big news will be when NSRS starts reporting developments and exploration of the most exciting property it has rights to, the Guyana property which sits next to the Omai mine property. The Omai property was re-discovered as a large scale commercial mine with over 4 million ounces of gold produced.

This could be the “Gold Mine” for NSRS.

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