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Gold/Mining/Energy : Gold and Silver Mining Stocks
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To: Clappy who wrote (2853)10/24/2001 11:51:25 AM
From: Claude Cormier  Read Replies (1) of 4051
 
Hello Clapton,

Your question is an easy one to answer as there are very few silver miners available.

At this point in time, there is only one silver stock that make sense, in my opinion: Corner Bay Silver (BAY.TO), Although they are not yet in production, they are completing a feasibility study to bring their Alamo Dorado silver deposit into production in 2003. The specifics of this deposit are exceptional and means that they will be very profitable even at silver $4.00. The stock is still inexpensive. But as the feasibility study comes out, and all details are taken care of, the price will go up.

There is still an element of risk in BAY as they are not in production now. They must first complete their studies, obtain permits and financing and build the mine. But they have the resources and staff to do this.

Others silver stocks are all loosing money right now and all need higher silver prices.

PAAS would be a good buy if silver breaks the $4.75 barrier. Under that price, they are loosing money and must issue shares on a regular basis to pay for their expenses.

Silver Standard is the equivalent of a silver call as their deposits becomes exciting with silver above $6-7. However, Silver Standard is way expensive right now.

Coeur D'alene is too much in debt. However, their stock react strongly upward if silver makes a move. It always does because it is very well known to US investors.

Minefinders also make very good sense, but it is not a pure silver play... about 53% gold 47% silver.

I own BAY for he long term of course.
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