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Gold/Mining/Energy : Silver prices
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To: J.L. who wrote (1530)1/6/1999 1:29:00 PM
From: Claude Cormier  Read Replies (1) of 8010
 
<<Do you like FSR more than BAY ?, or is there no
comparison ?>>

No comparison I would say.

FSR is my prefered silver stock, followed by PAASF, SSIRF and BAY.

FSR is producing and will earn between $.08 and $.12 per share for 1998. WIth silver at $5.50, I think $0.15 is in for 1999. They are growing on all counts and have excellent exploration potential. The Blanco prospect could cause stock to explode if they find what they are looking for...a large vein system with 40 opt silver is possible there.

PAASF has to be in a PF with their production growing to 7M ounces nect year. However, the company could suffer a setback if their Russian property goes the same route Lunnoe did for Silver Standard.

SSIRF...well they got one mine coming up...Bowdens in Australia. It is likely to be economic with silver above $5..

BAY...a speculation...but that could pay of big time. Their Mexican deposit is low grade...but could end up very high tonnage, with very low stripping ratio and unprecedented recovery rates for an heap leaching operation. This could translate into a very low cost producer despite the low garde of 2.0 opt. But we need to first see a confirmation of the recovery rates and more tonnage. I am holding it.
Another candidate is Apex Silver...huge silver zinc deposit...but still a lot of work to do.

I would not get in Sunshine, Hecla, Coeur...SSC is in bad financial shape..(look at the stock price)...HL and CDE are two much involved with gold for my taste.
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