My opinion is based on fundamentals. They are producing a lot of silver and gold right now form their mines in Idaho.
The bolivia project is up and running now. The Kensington mine in Juneau is a very very good mine 150,000 oz of low cost gold a year and will be runing next year.
And they will also put that huge silver mine they have in chile? in production next year.
"Coeur d’Alene Mines Corporation is one of the world’s largest silver producers with operations and exploration interests in the United States (Nevada and Alaska), South America (Chile, Argentina and Bolivia), Australia (New South Wales), Mexico and Africa (Tanzania). In 2007, we produced approximately 11.5 million ounces of silver and 92,000 ounces of gold. Worldwide, we possess a substantial mineral reserve base containing over 216 million ounces of silver and 1.5 million ounces of gold."
Our principal silver mines are located in southern Chile (the Cerro Bayo mine), in Argentina (the Martha mine), in Nevada (the Rochester mine) and in Australia (the Endeavor mine and the Broken Hill mine). In addition, we own or lease, either directly or through our subsidiaries, silver and gold development projects in Bolivia (the San Bartolomé silver project), Mexico (the Palmarejo silver and gold project), and Alaska (the Kensington gold property). We also control strategic properties with significant exploration potential close to our existing mining operations. Our customers are bullion trading banks that purchase silver and gold from us and then sell these metals to end users for use in industry applications such as electronic circuitry, in jewelry and silverware production and in the manufacture and development of photographic film. In addition, we sell high grade gold and silver concentrates to smelters in Japan, Mexico and Australia."
KOAN: The other fundamental I am betting on is gold and silver are about to soar.
We shall see.
PS the Iran problem is heating up again with new breakthroughs in their nuclear program announced by the media.
Israel will not hold off much longer me thingks. Peopel are not calculating very well what will happen ifIsrael bombs Iran.
All hell will break out. |
