Stocks are taking a breather - and for good reason - they've done nothing but rally sharply ever since hitting bottom earlier this month. It's actually pretty healthy all things considered, and with some big tech earnings scheduled to report next week, maybe traders will have an opportunity to pick up some cheaper call options heading into those numbers. It just doesn't seem Wall Street is even remotely concerned about the economy, or more importantly the possibility of a soft spot in the earnings landscape anytime soon. Big tech like Facebook (NASDAQ: FB), Amazon (NASDAQ: AMZN) and Netflix (NASDAQ: NFLX) all continue to make new all-time highs, while Apple (NASDAQ: AAPL) and Alphabet (NASDAQ: GOOGL) look to be on their way. The underlying movement in these stocks clearly has created the backdrop for the NASDAQ's recent rally. So, it just goes to show the actual "price" of a stock means nothing - it's all about market cap, earnings, growth, valuation metrics and financials. What I'm saying here is if you're serious about making money in the stock market, you shouldn't get caught up in the fact a stock trades over a $100 per share. As a matter of fact, it's precisely those type of stocks that should be a bigger part of everyone's portfolios - and this is coming from someone who writes about small caps every single day! As John Monroe over at Elite Opportunity Pro puts it, "there are stocks you should marry and stocks you should date". Truth is, he's right. Most small caps should only ever be dated until the stock in question actually starts producing revenue, and more importantly earnings growth. It's just the way it is, and it's usually better to buy those smaller stocks when they're out of favor. Of course it has to be the right ones, but regardless, with thousands and thousands of ticker symbols to research and choose from out there, speculative investors are usually better off picking up the right ideas when they're out of favor. One of those smaller stocks we continue to cover for our readers out there is Silver Spruce Resources Inc. (OTCBB: SSEBF), an interesting junior miner that continues to trade down around multi-month lows. However, the stock has been as high as $.10 cents per share dating back to this time last year. Although it doesn't trade too actively here in the U.S. yet under its OTCBB listing, it does trade fairly well up in Canada on the TSX Venture Exchange under the ticker symbol SSE. I bring that up because it's probably only a matter of time before it starts to attract more interest here in the U.S. - especially with some of the fundamental events taking place with the company recently - and specifically this morning's news. Prior to the open, Silver Spruce announced it has closed the Purchase Agreement with Cedar Forest LLC (the "Vendor") for 100%, free of any royalty, of the Kay Mine parcel of 70.84 acres of patented claims near Black Canyon City, Arizona, USA. The original asking price for the 70.84 acre parcel of patented ground was $977,000 in cash. Upon execution of the Purchase Agreement to acquire 100% interest in the patented claims, free of any royalties, Silver Spruce paid a non-refundable deposit of US $50,000 to the Vendor and completed its due diligence process which included a site visit, an appraisal of the fee simple surface land value, a fee simple surface title opinion, an extensive mining title search, an analysis of the mining rights held with the patented claims titles and a legal opinion of the mineral title rights, conducted by a prominent mining attorney in Arizona. Subsequently, the Company secured a U$450,000 debenture, and the Vendor agreed to accept shares in the Company in lieu of U$500,000 cash. The Company has received Exchange approval for the acquisition. The Company has now paid the remaining US $450,000 cash and issued 8,649,142 shares to the Vendor at a deemed price of CAD $0.075 per common share, which completed the terms of purchase, and closed escrow. "Silver Spruce is excited to complete our purchase of 100% of the Kay Mine parcel of patented ground, royalty free. The Company has successfully staked an additional 400 acres of unpatented claims and now controls all of the known areas of mineralization at the project that have been identified over the last 120+ years by companies such as the Kay Copper Company, Exxon Minerals, Rayrock (acquired by Glamis) and American Copper and Nickel (a subsidiary of INCO, now Vale)," stated Dr. Brian Penney, Chairman of Silver Spruce Resources Inc. "The Company looks forward to initiating its work programs at the Kay Mine project," said Karl J. Boltz, President & CEO. "We are eager to produce a maiden NI 43-101 on the project and to assimilate the available data into a GIS database, conduct modern geophysical studies, geologic mapping and geochemical sampling, the twinning of select Exxon drill holes and downhole geophysics, with the goal of qualifying the substantial historical resource stated in the Exxon Minerals' internal reports from the 1970's and 80's." So what's the big deal about the Kay Mine Project? The Kay Copper Company and others produced Au-Ag-Cu-Pb-Zn ore on the property intermittently from 1916 until 1956. Exploration conducted from 1972 to 1982 by Exxon Minerals Company, a subsidiary of Exxon Petroleum, indicates that substantial additional mineralization exists down dip and potentially along strike from the past-producing mineral deposits. A two-page Executive Summary of the Kay Mine Project is available here: http://www.silverspruceresources.com/s/KayMine.asp Known mineralization occurs in two zones of massive sulfide, the North and South Zones, extending from the surface to at least 2100 feet in depth that was developed in several thousand feet of workings on eleven levels. A November 1982 internal Exxon Minerals Company report by M. L. Fellows stated that the deposit contains a resource of "Proven and Probable Ore" with a tonnage of 6.4 million short tons grading an estimated 2.2% copper, 3.03% zinc, 1.6 ounces per ton (50 g/t) silver and 0.082 ounces per ton (2.55 g/t) gold. The estimate was made using assay data from historic mine level plan maps and Exxon drill hole intercepts. Exxon also reported the deposits to be open down dip, with significant additional potential for the discovery of new deposits at the project. Exxon's use of the word "ore" is not to be construed in the strict sense. After examining mine assay level plans and Exxon drill hole data, Silver Spruce has concluded that "Indicated Mineral Resource" is the appropriate term for Exxon's historical estimate. Additional drilling is needed to verify this estimate. The Qualified Person for Silver Spruce has not conducted sufficient work to definitively classify Exxon's resource estimate to be compliant with NI-43-101 resource definitions. The issuer is not treating the historical estimate as current mineral resources or mineral reserves. As you can see, the company is moving along nicely, and if they can get the results from the Kay Mine Project they're expecting, its current $.04 cent share price will probably end up being a gift. Another great example of considering small stocks when they're down around their lows, because should Silver Spruce really start to pick it up, another move back to at least $.10 cents would be nifty 150% return. Never say never.