Gold and Silver Juniors, Mid-tiers and Producers Message Board

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

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From: argentum_bug_	5/7/2006 1:34:57 PM
	Read Replies (3) of 78428

May I introduce you to the most leveraged silver play = Independence Lead Mines (symbol:ILDM), whose major asset is 18.52% interest in profits of the Gold Hunter area (Lucky Friday mine, Idaho, operated by Hecla Mining). Current P/E is 1.x (ONE) or 87 US cents per ILDM share. The mine will operate at full capacity to mine 4,000,000 silver ounces per year in few months with cost of production below USD/Oz 4.5 (thanks to substantial zinc/lead byproducts). This is long life mine with current silver resource of 90 million silver ounces and growing. At current metal prices (e.g. @ silver at USD/Oz 14.5) mine gross profit is equivalent to USD 40,000,000 annually. And ILDM, which will receive hefty royalties, will distribute them to shareholders, once capital cost of USD 43 million is recouped within 1 1/2 years, being not only most leveraged based on P/E basis but also with the highest potential dividend yield. You are welcome to check the full story at geocities.com

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