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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: TrueScouse who wrote (3724)3/30/2006 8:51:07 AM
From: Mr. Aloha  Read Replies (2) of 78416
 
It's been nice seeing ASM breaking out of the 3 resistance area to new muli-year highs during this silver rally.

In addition to their acquiring the rest of the Avino project, I like that they'll get good revenue from the tailings from prior production in coming months, they'll later reopen the previously operating mine that still has lots of silver, and for the future, they have "11,000 hectares of highly prospective land around the mine, of which no one inch has been explored by modern exploration methods."

Avino hasn't moved up nearly as much as some other silver stocks, and remains cheap relative to the amount of silver they have and how close they are to production. I also like that it can be bought in the U.S. under ASGMF, which sometimes trades at a higher volume than ASM does in Canada.

In addition to Jason Hommel liking it because it's one of the most highly leveraged silver stocks there is (http://www.silverstockreport.com/email/Avino.html), here's a good article on Avino from October: silverstrategies.com

I hope you're right in your expectations for it to far exceed the $5 it hit in the 90's. If the silver bull market continues, I don't see why it wouldn't with the huge leverage on silver it has.
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