Gold is currently trading at over US $900.00 and has recently entered a bull market. Gold has out performed the equity markets in the last nine months and is regarded as a safe haven for investment, the continuing concerns regarding the financial situation and the economy will likely cause gold to remain in a bull market in the months ahead. Silver is also in a bull market, trading at over US $13.50 and out performing gold.
Drilling on the Santo Domingo project in 2007 and 2008 outlined continuous mineralized zone over 500 metres in length. The zone is open in all directions.
Natural gas and natural gas condensate prices have been low recently. There is more natural gas in storage than ever before, which has driven prices down. Natural gas prices are expected to range in the $3 to $5 per cubic meter for the near future. Currently Stroud has a 3.75% interest in six producing wells, which produce a cash flow in excess of $200,000 a year.
In conclusion there are a number of reasons to be optimistic
about Stroud:
- Rising precious metal prices
- An additional two drill ready projects
- Increased revenue from natural gas and natural gas condensate
- A debt free company
- Ability to access the Capital Markets
- Experienced management team and Board of Directors