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

To: TD who wrote (514)2/4/1998 3:00:00 AM
From: Postman  Respond to of 8010
 
There is a junior silver play called Groundstar Resources which is sort of equivalent to an options play in this market.

Symbol is GSA/VSE.

They have 80% of a high grade silver property in Utah, the Silver Bell Mine.

Trading at .61 cents, 52 week range is .39-$1.90, so it is just off the year low.

They have $1.4 million in the bank, and 5.2 million shares which puts break-up value at around .28 cents.



To: TD who wrote (514)2/4/1998 11:38:00 AM
From: TD  Read Replies (1) | Respond to of 8010
 
The February 10 CDE Calls doubled in price today! What I find most interesting is that Mr. Buffett has 42 Million ounces of silver yet to be delivered. Happy I am long, and not looking to buy the metal to cover a short position. How high can we go? No one knows for sure but remember precious metals = precious little. Is there 42 million ounces around to be delivered? Yes but at what price? Several have suggested $10-15 as the equalibrium price!


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