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Gold/Mining/Energy : Gold and Silver Mining Stocks

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To: Frank Pembleton who wrote (2216)9/19/2001 2:10:21 PM
From: Claude Cormier  Read Replies (1) of 4051
 
<Claude, PAA began moving yesterday -- it should be at the head of your list.>

It is in my list. But not at the head.

You have to understand the fundamentals. Silver may not move to $10-$20 like many people think. It could stay near $5-$5.25 for a long time. Many serious studies are suggesting this.

If this happens, there is only one silver stock that will make big cash flows: Corner Bay Silver. All others will loose money except for PAA who will be slightly in positive territory. Given the market cap of $C245 millions, PAA is expensive now.

Of course, if silver is going to $10, buying PAA now is brilliant. But who really knows. With BAY, I don't have to hope for silver at $10... $5.25 will be more than enough.
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