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speedybure (< 20)

Part 2 of 5 - Speedy's Top Silver Picks 2012



February 19, 2012 – Comments (2) | RELATED TICKERS: ISVLF

While I posted my top silver and gold miner for 2011 early last year, my top pick [Aurcana] would be number 2 or 3 this year but since TMFSinchura has covered it already, I don't see the need to repeat. As for gold, Atna did superbly given the performance of the overall industry. My pick for #4 is Impact Silver. It slowly but surely becoming a noticable silver producer reaching more or less 900k oz in 2011 AgEq. With significant production growth plans in 2013-2015, investors should pounce on this while the opportunity is still present as 2012 will not be an unevenful year either.  With production estimated to be approximately 1.1-1.2m Oz. in 2011, it will increase  to nealy 1.5-1.6mm oz this years as 3 mines reach initial planned capacity and Capire pilot plant turns out 200 tpd [300k+ oz] before a substancial  mill expansion planned to increase production to 2.2-2.4m oz in 2013 and 3.6-3.75m in 2014. In my personal view this will become a 3-5+ bagger over the next 2-3 yrs [unless it is acquired] solely based on these numbers, excluding likely recovery rates and further mill or mining optimizations. As for 2012, I'm expecting a jump to between $3 - $4/share.  

2 Comments – Post Your Own

#1) On February 20, 2012 at 4:25 PM, stockmarketdoubl (< 20) wrote:

WHat do you think silver will do this year? continue to go higher? It concerns me that silver and gold have reached their tops and are headed back down?

Your feedback is appreciated

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#2) On February 20, 2012 at 5:33 PM, speedybure (< 20) wrote:

If you think the precious metals especially silver [ given the rampant growth in industrial uses , mainly energy and in the medical field over the next 5 years is projected to have a 24% CAGR], you must be missing the story. 

Money supply growth in all of the western world and now China is off the charts. By this I mean actualy money - properly defined as currency available for immediate use for exchange. I just calculates The US's January growth, which was 14.87% y/y. Silver can easily double this year, not that im saying it will but a conservative estimate I think is $45-$50/oz. As for Gold I expect another new high albeit not a year like 2011, maybe $2100/oz. Feel free to email me if you want any in depth articles etc.  

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