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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (49977)	11/7/2012 4:52:12 AM
From: Madharry	1 Recommendation Read Replies (3) of 78748

aurcana- I skimmed through the writers comments and had difficulty reconciling them with the current available P&L on the the companys website. the other question i need to answer is why did SSRI sell them the shaeffer mine in 2008 and for how much? write now paying $500 million for a company making $3 million a quarter seems like a bit of a stretch. there is also the matter of the Sprott lawsuit, which seems strange in that Sprott contended that the ceo backed out of a loan in exchange for silver agreement and the CEO contends he never signed a note. This seems like a pretty factual matter, so one party might be deemed delusional. So the question becomes who? I will research this more after i get some sleep. Now when i ran the numbers it looked like each share represented 2 ounces of silver and that seemed appealing assuming that they can it out of the ground in a timely cost effective way but right now I have some concerns and may want to wait til i see how the production increase affects profitability.

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