To: marcos who wrote (2243 ) 10/17/1999 2:53:00 PM From: koan Read Replies (2) | Respond to
Thanks for the charts Marcos, your a good research guy. I think the following is basically correct but feel free to correct my memory or facts, some may be wrong. So, we agree we are looking at 5 basic "major" silver plays (ssc,hl,paas,cde and apex). The ones institutions will invest in - in the event of a bull silver mkt. Sunshine never did as well as the other four in price rises, for whatever reasons, and just did an 8 to 1 rollback. I think PAAS will be great if it stays out of trouble in Russia (with all production next year, including Russian production close to 20 million oz per year). Apex has been the best percentage performer this year and has a monster silver play in South America (Soro's is a major stock holder). CDE has a lot of silver and just picked up all of Asarcos silver in exchange for stock - and it is rumored is trying to buy a portion of the Greens creek mine (the largest silver producer in North America - I think); It has cash and also has the great Kensington/Jualin mine in Alaska on hold (gold) ready to put into production. Greenscreek is primarily a zinc mine, but 20 oz silver per ton, .18 gold and lead. Last Hecla ownes 1/3 of Greens Creek and I think the Lucky Friday plus other silver plays. Hecla - has been the standard silver proxy for many years, but diverged into gold a few years ago for protection and they produce some other product - drilling mud or something like that - I think. But these 5 should all do well in a silver bull mkt. Of the juniors, I like Corner Bay the most and PVO next. PS I own stock options in ssc, cde and PAAS and own PVO, but if PAAS and/or cde moves I will take some profit and move into some hl, Apex and BAY - I like to stay diversified (I should probably take some profit and buy an internet company <g>. Thanks again for the info.
