Apex Silver Mines Limited (SIL)

darkflame (96.31) Submitted: 7/04/07 7:25 AM : Start Price: $15.91 SIL Score: -54.40

What do I know about silver mines ? Not really much... Basically it's a whole in the ground with a fat cat on top of it.

In this case, the fat cats, the insiders own quite much of it, and the forward P/E of today (04 July 2007) is below 10.

Then, as a sort of scientist that I am, I know a few things about silver, which are far more interesting than SIL itself.

For start, Silver is older than the Sun!!!! Silver is a misterious chemical element that is made in the supernova stars, that means that Silver can't be made in out planet like fossil fuels and not even in the Sun such as other elements like carbon and oxygen. In fact Silver is older than the Sun and the amount is limited, really limited. As we digged all the Silver that was easy to dig, every new ounce of it will be harder and harder to get and unlike fossil fuels that can be replaced by what in the future will be cheap energy, Silver can't ever be replaced.

Silver mines should have a shiny future, as long as you don't pay too much for it. Remember this "don't overpay".

What else...hmmm... my ex-girlfriend liked silver and probably my next girlfriend will like it too.

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