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Gold/Mining/Energy : Silver prices

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To: CuriousGeorge who wrote (504)2/3/1998 10:57:00 PM
From: Claude Cormier   of 8010
 
<< I am greatly dismayed to learn that Avino Silver and Gold Mines (ASM) ...>>

Oh it is still in my portfolio. But I don't like it as much as I like the others. ASM has good leverage to silver but because of the lower grade of its mine (4 oz/t), the impact on the profits will not be as large as it will be for other comparable juniors. Keep in mind that Avino is not a pure silver producer and has a very meaningful copper production. On the other hand, ASM market cap is very small with only 4M shares outstanding. This low liquidity will cause sharp swings in the stock price if demands picks ups.
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