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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: scotty who wrote (212)	12/6/1997 11:29:00 PM
From: CuriousGeorge	Read Replies (1) \| Respond to of 8010

ScotiaMcLeod Silver Report from Oct 16, 1997 Of course they review the supply, demand, inventories etc and come to the obvious conclusion that silver is setting up to soar big time. They discuss each of the major silver stocks and have an interesting table showing how much each SHARE of each company analyzed should rise with each ONE dollar rise in the price of silver. Company........................$Share................Rise/$1 Ag Pan American......................7.40.................$5.82 First Silver Reserve........... .78...................$0.28 Avino Silver Mines..............1.90.................$1.41 Silver Standard................... 3.81.................$3.87 Hecla.......................................5.75.................$1.95 Coeur.....................................14.25.................$3.01 Sunshine................................. .81 ..................$0.30 The others, Cons Nevada, Barrick, Sunshine, Echo Bay etc were estimated at less than $1.00 gain per $1.00 rise in silver. Off hand it would seem Pan American is the way to go, however, if we invest $1000 in each stock, here is what would happen for each $1.00 rise in the price of silver: Company..................Shares/$1000......Rise/$1Ag........Profit/$1 Ag Pan American..................135.........x...........$5.82...................$785 First Silver Reserve.....1300.........x...........$0.28...................$364 Avino Silver Mines..........525.........x...........$1.41...................$740 Silver Standard.................265........x...........$3.87.................$1025 Hecla....................................200........x...........$1.95...................$390 Coeur....................................100........x...........$3.01...................$300 Sunshine.............................1235.......x..........$0.30................... $370 (all figures $US, conversion used = .705) Sunshine's current share price is $0.81, it will rise $0.30 for each $1.00 rise in silver. For a thousand dollars you can buy about 1235 shares of sunshine. For each dollar rise in silver you will profit $370. When silver ran from 4.30 to 5.30, Sunshine went from about $0.70 to about $1.10. Many other silver stocks out performed Sunshine. If (when) silver goes to $8.00, Sunshine should be about $2.00. I don't mean to dump on Sunshine ...