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: IngotWeTrust who wrote (5439)	6/17/2002 11:22:45 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8010

Dear G_T, You are so good at sending email that you will certainly send Paul the link to this post. As for your editor's note, they are are in the same line as all your posts on the BAY thread. So who need to comment on them! <in fact, Silver Standard is still on the recommended list of his most recently accessible report.> Sure SSO was on our list in March, but that was before the stock went to a market capitalization of C$400 millions ($525M+ just two weeks ago). No doubt that I still like SSO strategy for the long term, I said that many times. Management has been brilliant in the past two years. And for that reason it will remain on our list. But the stock is simply overvalued now, even with the acquisition of the 43% interest in Pirquitas, which I had noticed of course. Keep in mind Paul that silver is at $4.82 not $6.00-$7.00. I am also on record for saying many times that Silver Standard is the most leverage of all silver stocks if silver prices move past SSO's threshold price which is above $6.00. But such is not the case now. With 44 millions shares fully diluted, a stock price at $9, and no economic ounces in inventory, the net present value is not near the current stock price. For now, it is an out-of-the-money option with a very large premium. If silver perform as our friend Gold_Tutor has been saying over the past 6 months, I have no doubt that he (G_T) will be the first to short, instead of continuously trying to nail me down like a nasty child. But if silver does as I and other analysts expect, I will certainly buy Silver Standard again.