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Gold/Mining/Energy : Silver prices

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To: Archie Meeties who wrote (2336)11/20/1999 7:54:00 PM
From: Claude Cormier  Read Replies (1) of 8010
 
-A-

If silver prices would move to double digits on short notice (that is what would happen if someone try to Corner the Ag market, the high costs silver producers would likely be the best performers. Coeur D'alene with an average cost of $3.75 or so would benefit a lot, even if it produces a lot oif gold as well. FSR with a cost near $3 would also move big time.

But I guess that, just because the group is very small, all the silver stocks would go through the roof. Keep in mind that you can count the valid silver plays on your both hands. If the big money comes, in the most popular will move higher and faster... those are SIL and PAAS.

As for BAY, well this one is becoming much bigger, WIth the numbers announced this week, I calculate a NAV of C$7+. And there is still potential to double the reserves from here.

IMO, those would refuse to take the extra step to really understand this play are missing a great opportunity.

Enjoy the game.
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