Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: The Vet who wrote (2722)	3/21/2000 10:04:00 AM
From: Richard Mazzarella	Read Replies (1) \| Respond to of 8010

Vet, the way I look at it, SSRI is the best silver leveraged play and PAAS is the best silver stock leveraged play traded on a US traded exchange. There's a difference. Both are worth investing in for those different reasons IMO.

To: The Vet who wrote (2722)	3/21/2000 10:10:00 AM
From: Claude Cormier	Respond to of 8010

<< I don't agree that PAAS is expensive without DUKAT.>> Have study all of their assets? Dukat alone is worth more than 75% of PAAS bottom line. It has a NAV of $6.26 per share at 0% discount (probably near $4 at 6% discount). << It traded much higher before anyone had heard of DUKAT>> Of course, this was in better times for metals and PAAS had 10+ millions shares less outstanding. The key asset after Dukat is Colorada and that is where we might get some good surprises. Of course, PAAS portfolio of promising properties is very interesting and in 12-24 months from now the picture could well be different. My friend, I am not saying that PAAS current price is way overvalued without Dukat. But it is no bargain. If they lose Dukat, PanAm will have less than 175 millions ounces of silver reserves that are economic (Quiriculva 21M, Huaron 103M and Colorada (50M???), of wich 124M are marginally economic. For sure, the big picture is very different with higher silver prices, but we are talking $5 silver for now. You will understand why I prefer BAY which can be bought for 1/10 the price and already has 100M ounces of low cost silver even before the coming drill program.