Canadian-under $3.00 Stock-Picking Challenge Message Board

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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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From: silverbug8	9/17/2007 12:56:25 AM
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I think TSX:SST (Silverstone Resources) is going to rebound this week from it's last bid of $1.79 Cdn. It is going to finish up a silver stream purchase deal with Lundin Mining to buy all of Lundin's silver production from two mines in Portugal. The deal was set to close on Sept. 15 and so an announcement is imminent. This will free up various analysts to recommend the stock. Indeed, some analysts already have done so in the last 7 days (see one of them, below). Silverstone Resources is the only other mining company in the world following the metal production stream business model pioneered by Silver Wheaton (SLW - NYSE/TSE). TooClassy ========================================================= Euro Pacific recommends Silverstone (TSX:SST) as a Silver Wheaton look-alike www.europac.net/newsletter/newsletter09.htm#recommendations Featured Investment Recommendations Mining Companies with Promise Silver Wheaton trades at about $11. How would you like to buy it now for $2? We think we have an outstanding silver miner that looks like a young Silver Wheaton. The company is headquartered in Canada with mines in Mexico and Portugal. Their stock trades on the Toronto's Venture Exchange. They were spun off from a parent company also in the mining business. We like the company because they have a long term growth pattern and their cost of production is $3.92/oz. Silver currently sells for about US$11.50. They are now producing 1 million ounces of silver annually and have plans to increase their production to 3 million ounces. The company has over 100 million ounces in measured and indicated resources, about 30 million of which are proven. They have publicly stated they believe their total historic resources of silver are in excess of 200 million ounces, and have commissioned an audit to confirm that amount. The results of the audit are due within the coming weeks. If confirmed, these deposits would rank the company as one of the largest silver miners in the world. We also like the company because it is new and under followed. We can buy an up and coming silver miner before it becomes popular and runs up in price. We like silver bullion as an investment; this company allows us to leverage silver via the stock market. Market capitalization is $160 million. No yield. This year's high and low was C$3.60 on June 6th and C$0.65 on September 21st. Now trading at about C$1.80/US$1.71. website: www.silverstonecorp.com

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