SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : ECU Silver Mining Inc -- Ignore unavailable to you. Want to Upgrade?


To: silver bug who wrote (429)6/11/1999 10:16:00 AM
From: Winzer  Read Replies (1) | Respond to of 672
 
<<the gang who went visiting the mine in February play with us and if the price of silver is 5.00- 5.50.>>

While the picture of the "gang" in the ECU annual report was good promotional material, analysts visit many mines during the course of their search for the "diamond in the rough"(golf talk, I guess (LOL). While this photo-op might have been to the advantage of ECU, the property and financial fundamental may or may not be to their liking. I say that, because as a bi-play (Au-Ag) even though the Ag component is geting separated from the manipulation in the POG the 40%? gold component WILL provide a drag on earnings. So a pure Ag play would be immuned to the "gold drag". However, keep the faith, some claim the bottom is $250 and also the Credit Suisse debacle is about to explode (good for the POG). I like at about $0.32 as a buy in point once the POG starts back up to the $300+ levels. I'm limiting my plays to old favourites and those that produce (or can produce) under $200/oz equivalent gold.

Winzer