+ Watch PAAS
on My Watchlist
Engaged in the exploration for, and the acquisition, development and operation of, silver producing properties and assets.
PAAS is one of the larger scale players in the silver mining industry. Over the last couple of years, their management has disappointed me on too many occasions to count, diluting shares again and again. But lately their diluting actions seem to be on pause, and they've reduced their hedge positions into this very strong silver price environment. I don't like it quite enough to keep a large holding, but i do own it and I do think it will go higher (even after today's beautiful action (1/2/08). If PAAS is above $37 with silver at $15.19, then just imagine where it will be with silver at $20.... or when silver hits $50. PAAS will hit par, perhaps as early as this year, but certainly by the end of 2009. Climb aboard before the silver rocket takes off. :)If you're wondering which silver plays I DO like better than PAAS, and there are many of them, check out Endeavor Silver, ECU Silver, Great Panther Resources, and of course the indomitable Silver Wheaton.
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