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Gold/Mining/Energy : Gold and Silver Mining Stocks -- Ignore unavailable to you. Want to Upgrade?


To: midbob who wrote (571)2/5/2001 4:40:19 PM
From: Syncrude  Respond to of 4051
 
midbod,

May I suggest that you repost your questions on the Corner Bay thread to Claude Cormier, who publishes his own resource newsletter.

If you are in Canada, I don't think that you run the risk of a Canadian bank going bankrupt, especially not over silver or gold certificates. I don't know who told you this, but you might want to contact the banks that do sell certificates.

By the way, I doubt that you can apply a "multiple" to stocks like that. Not all companies are at the same stage of development, nor are the rest of the criteria the same, ie. shares outstanding, reserves, capitalization, location of deposits, future prospects, management, etc.

Good luck.



To: midbob who wrote (571)2/5/2001 11:48:28 PM
From: d:oug  Read Replies (1) | Respond to of 4051
 
Remember what happened with Handy & Harmon?



To: midbob who wrote (571)2/6/2001 11:09:20 AM
From: Claude Cormier  Read Replies (1) | Respond to of 4051
 
Midbob,

If you are a long term investor, forget about HL. Until they clean up their balance sheet...they should be avoided. Same for CDE.. Of course, if silver prices moved to $10, $15 and more then there is no problem buying them. FSR is probably OK...all will depends on the results of their exploration program on the El Banco zone... so far ..they look good.

But who can guarantee that Ag is heading for much higher prices. I prefer to be conservative and work with a target price range of $5.50-$7 for silver. So if you want to invest in a stock... the choices are very limited. I can see only one or two candidates that make sense.. Corner Bay Silver is one of them of course.

You want physical or kind of.... Then why not considering one of the various silver pool put forward by bullion dealers... Kitco in Canada is very good.

You can also buy e-silver... a digital currency..but here liquidity is a problem.