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

To: Clappy who wrote (2853)	10/24/2001 7:24:27 AM
From: lbs1989	Read Replies (1) \| Respond to of 4051

Dear Clapton, Since I am GMT+4 I thought I would give this a shot before the experts get up. I would say: T.BAY T.MFL PAAS SSRI Best Regards,

To: Clappy who wrote (2853)	10/24/2001 9:14:42 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 4051

Hi, Clappy! How's the family! Always good to hear from you. I do not have any silver mining stocks to suggest to you, sorry. I do not share your enthusiasm for the price of silver bouncing. However, if you want leverage, get in touch with your local commodity broker and investigate the leverage available in out of the money silver options strategies, say a straddle or a strangle. It takes so darn long for any rally in the physical price of the metal to work through into the earnings stream of a mining equity's share price calcs, that you can grow wiskers and ear hairs while you are waiting. Silver is LOCKED in a trading range, and learning to play the options game on the actual physical price with an educated and cooperative commodity broker, primarily from the short side it would appear to me, would offer you the best chance to make a buck on ANY kind of move, instead of watching paint dry in silver equities. If you have a chance to get ahold of a historical chart of Cour de A'lene of the old CDE over the period of time when silver spurted from around 4 to a short lived $11 per oz back in about 87, and then a second spurt to 7 here about 3 years ago, you might be able to visualize how limited your opportunities are in by playing the equity angle. Just my ideas for you since I don't like silver except as an option play on the physical. You could always write puts on the equities and make a decent return that way. There is TERRIBLE physical silver production overhang on this market which is why it can't get out of its own way. As an industry normal break even cost of production for the industry is closer to $7 per oz than most in this sector will admit. BWDIK :) gold_tutor

To: Clappy who wrote (2853)	10/24/2001 11:51:25 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 4051

Hello Clapton, Your question is an easy one to answer as there are very few silver miners available. At this point in time, there is only one silver stock that make sense, in my opinion: Corner Bay Silver (BAY.TO), Although they are not yet in production, they are completing a feasibility study to bring their Alamo Dorado silver deposit into production in 2003. The specifics of this deposit are exceptional and means that they will be very profitable even at silver $4.00. The stock is still inexpensive. But as the feasibility study comes out, and all details are taken care of, the price will go up. There is still an element of risk in BAY as they are not in production now. They must first complete their studies, obtain permits and financing and build the mine. But they have the resources and staff to do this. Others silver stocks are all loosing money right now and all need higher silver prices. PAAS would be a good buy if silver breaks the $4.75 barrier. Under that price, they are loosing money and must issue shares on a regular basis to pay for their expenses. Silver Standard is the equivalent of a silver call as their deposits becomes exciting with silver above $6-7. However, Silver Standard is way expensive right now. Coeur D'alene is too much in debt. However, their stock react strongly upward if silver makes a move. It always does because it is very well known to US investors. Minefinders also make very good sense, but it is not a pure silver play... about 53% gold 47% silver. I own BAY for he long term of course.