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Aggressive Speculator for December 12, 2002 Volume 2, Number 48
A NEW PURE SILVER COMPANY,
LIKE PAN AMERICAN AND SILVER STANDARD, IS BORN.
We are more bullish on silver and silver equities, over the long-term, than
anything we've ever recommended. Here's why: until the 20th century silver,
like gold, was accumulated and saved as a store of value. In fact, for the
past 5,000 years gold and silver were the measure of wealth, the very
definition of money. Both metals are uniquely suited for the purpose. It has
only been within the last 100 years that real money disappeared and was
replaced with Federal Reserve Notes known as fiat money. The word fiat
comes from Medieval Latin for 'Let it be done'. Fiat money like the US
Dollar is only money because the Government declares it to be so, not
because it has any real value. Fiat money is irredeemable paper currency
deriving its purchasing power solely from the declaration of the government
issuing it.
Prior to the 20th century all attempts at fiat currency ended in disaster.
And
many financial historians believe modern fiat currencies are destined for
the
same end. It appears so, as over the past 60 years the US Dollar has lost
more than 90% of its value. Yet most people don't realize this or even think
about it. That's fine until your currency undergoes a 50% or greater
devaluation overnight, as we've seen occur in many parts of the world over
the past decade.
The point I'm trying to make here is that gold and silver have an incredibly
vast history and tradition as money and a lasting store of wealth. It was
due
to this tradition that billions of ounces of silver were mined, accumulated
and stored in vaults. The key point to remember is that 5,000 years of
silver
accumulation have been used up in less than 100 years. The annual
shortfall between silver demand and silver production has always been
made up through these accumulated reserves. But now those reserves are
gone. They've been consumed by industry and the thousands of uses
industry has found for silver over the years.
The United States government alone has gone through 4 billion ounces of
silver reserves in the last 60 years. It was announced just this year that
the
United States no longer has any silver and they will have to go to the open
market and buy silver to keep its popular silver eagle coin program active.
The big silver stockpiles are gone. Now the deficit is being made up with
the last remaining bits and pieces of foreign government reserves, the
dregs, the tail end of once-vast stockpiles. At some point in the not too
distant future there will be no silver available to make up the yearly
deficit,
at least not at $4 or $5 per ounce. It will take a much higher price to
entice silver into the market from private stockpiles to make up the
deficit.
Higher silver prices are not just a possibility.they're an eventuality.
While the masses are not aware of the looming silver shortage, there are
a few visionaries who see silver's future. The men behind and the
shareholders of Pan American Silver, Silver Standard, and Apex silver
know the future of silver. Men like George Soros, Bill Gates, and Warren
Buffett know the future of silver. And they are already well positioned -
are you?
We have recommended that our subscribers buy all of the pure silver
plays including Corner Bay, which we sold out north of C$6.00 and also
Western Copper, which is developing a bigger and better deposit than
Corner Bay. All of these companies have already been wildly successful.
In fact, I remember buying Pan American at between C$0.35 and C$0.85
back in the early 1990s when Ross Beaty was first putting the company
together.
Now I've discovered another Canadian pure silver bonanza, like Silver
Standard and Pan American. The company is brand new, and just started
trading on December 11, 2002. The best part is you can still buy it for well
under C$1.00. On the first day of trading it was around C$0.35, but I don't
expect it to stay there for long and suggest anywhere below C$1.00 will be
a windfall for early investors. I personally own a lot of it.
The company's name is Strathclair Ventures Ltd. (soon to be changed to
something more reflective of their pure silver focus). The trading symbol
is
SVL trading on the TSX. Aggressive Speculator readers are the first to hear
about this new pure silver company and, like Pan American and Silver
Standard, we expect it to grow rapidly. The company's objective for 2003
is to identify the potential for 150 million ounces of silver. I don't have
to tell
you what would happen to the share price if they're successful in that goal.
You've all heard of the giant gold mining company Placer Dome, well the
mining entrepreneur and brainchild of Strathclair is the same guy that put
the
Dome in Placer. He is the one mostly responsible for that famous merger--his
name is Scott Drever. He's been all over the world and seen and done
mining deals from Indonesia to Timbuktu and most points in between. And if
he hasn't been there and done that his Chief Operating Officer Eric Fier
has.
Eric speaks four languages, Russian, English, Bahasa Indonesian, Spanish,
and he's been in some of the most obscure regions of the earth imaginable
searching out mineral deposits. These guys have worked in senior positions
for many of the world's big mining companies. They've developed incredible
contacts and instincts over the years that will serve them well in building
Strathclair into one of the elite big pure silver companies in the world
Scott
Drever and Eric Fier know how to find mines, they know how to make deals,
they know how to develop mines and they know how to create value for their
shareholders. But, best of all they are motivated, they love what they do
and
they, just like Ross Beaty of Pan American and Bob Quartermain of Silver
Standard, know the future for silver is where mining entrepreneurs and
investors need to be.
The Chief Financial Officer, Barney Magnusson, is one of the best. Barney is
exactly the type of CFO you want if you're going to build a successful
company. He has already been successful in this business, not once but
three times. I've said it before.nothing guarantees future success like past
success. He has served as CFO of three junior exploration companies that
have successfully developed producing gold mines, Dayton Mines, High
River Gold Mines, and Brohm Resources. Barney will be a key figure in
building Strathclair's success.
Another extremely important figure that makes up part of this world-class
team is George Sanders, a clear communicator and gifted mining analyst
with 25 years experience in picking winning mining deals out of that
multitude in the sea of mediocrity. He has a knack for seeing through all
the garbage and hype of mining deals and getting down to the real
numbers, the real outlook you can count on. George liked this deal so
much he decided to become part of the team. If you want more info on
Strathclair call George Sanders at 250-764-5132. In fact, I urge you to
call him and get more info. on the company's properties. This company
is so new they don't even have a website yet, but it's coming.
The company has already acquired four initial silver properties in Honduras
with additional properties identified for acquisition. They will soon be
raising
money to fund exploration and development. Most U.S. brokers have
trouble buying Canadian stocks. If your broker has trouble buying
Strathclair Ventures Ltd. - SVL a Canadian mining company, then you
should call xxxxx, a specialist broker at xxxxxx, USA. He
knows about Strathclair and he can handle any Canadian or U.S. stocks.
He'll take care of you. You can reach xxxxx at xxxxx toll-free
or his direct line at xxxxx.
Action to take: Accumulate Strathclair Ventures Ltd. - SVL (many quotes
will show the symbol SVL.V) below C$1.00 before the company begins its
road show, which is certain to attract major attention. |
