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 : Corner Bay Silver (BAY.T) -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (4098)	5/21/2002 1:01:47 PM
From: Claude Cormier	Respond to of 4409

<The question is whether this capital would be best left in PAAS or if it would be smart to invest in other PM (not necessarily silver) stocks. This morning I was inclined to put profits into WTC. > I understand and it is not an easy decision. We have to keep in mind that, as says Steven Saville: "The gold stock universe is tiny compared to the overall stock market or even compared to many individual corporations, but it is enormous compared to the silver stock universe. As such, once the silver price finally breaks above the brick wall of resistance at $4.80 the silver stocks will fly." Can we afford to be without a major silver play? WTC is great speculation... but still only a speculation. Until they confirm that the 300M silver ounces resource is there and can become a reserve...there are risks. PAAS now becomes an excellent company with a healty balance sheet and finally a project that will generate lots of cash. Granted, PAAS is expensive. But in the context of higher silver prices and also because you can count the silver plays on your left hand, you can expect that a large premium will be built. Look at Silver Standard which is extremely overvalued and has no project that can even become mines before silver is way above $6... it keeps going up... the demand is there. But when/if WTC pulls out big holes that seems to confirm their theory...then ys... switching some $$ into WTC will be the best thing to do. Now, I am not sure.