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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: LLCF who wrote (7035)2/23/2006 9:58:34 PM
From: James999  Read Replies (2) of 78421
 
Not too easy at all. Their cost per ounce is 3.9. The deal works because the company they bought from is a base metal producer. They shift the silver from a PE of 10 (normal for a base metal company) to a PE of 40-50(normal for a silver producer). This is a deal that SLW has done at least twice before. It is simple and BRILLIANT.
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