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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (62911)	1/17/2009 7:25:33 PM
From: LoneClone	Read Replies (1) \| Respond to of 78412

I started off with my 3 silver amigos, GGC, IPT, and EDR, and NMB came along to join later. I have exited NMB, but may be back if they make real progress, and have exitted Genco will likely not be back as I have become disgusted with management shenanigans. IPT continues to move ahead, and if they can meet their guidance of upping mill throughput to 500 tpd by June, they should be fine even with no increase in silver prices. They definitely have enormous upside through their various properties, and I expect them to eat or be eaten within a few years. EDR also continues to plug along, though they didn't quite meet their 2008 guidance. I think the key for them is to complete the modernization at Guanajuato and bring Parral into production, while continuing to open new mines and re-open old ones at Guanecevi. Both have adequate cash on hand. I find EDR is the better communicator, and they want to be the consolidator, but all things being equal, IPT should have more potential upside in the long run if they are left alone to realize it. LC