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Gold/Mining/Energy : Silver prices

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To: Groundhog who wrote (1459)12/3/1998 1:32:00 PM
From: Claude Cormier  Read Replies (3) of 8010
 
<<I am looking for another core holding and PAA at this price seems like a steal. >>

In that category, consider Apex Silver as well. They will likely produce more than 14M ounces of silver, 133,000 tonnes of zinc and 40,000 tons of lead per year, after 2001.

But, assuming silver prices do not thank to $3 and stay there for years, the best and purest play is First Silver with a production of 2.5M ounces per year and selling at a P/E below 10. In production since 1983 with 15M ounces silver proven and 45M inferred.
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