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