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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Area51 who wrote (31079)	5/30/2008 7:17:03 AM
From: Madharry	Respond to of 78752

RE SIL This is a brand new mine and they are still working out the kinks in it. I believe the price continues to be surpressed because Bolivia's current leader is tied to Chavez, he is continuing to advocate reforms detrimental to private business, and there is the threat of secession of various provinces bringing with it the likelihood of headline grabbing violence at some point. The last time I ran my numbers based on the companies projections and current metal prices I came up with a target price of $26, the previous time I did it I came up with $40. these numbers dont take into account country risk. I just dont want to put any more money into Bolivia, and Im sure that is a sentiment shared by many investors. Im holding what I got which is plenty unfortunately.