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A mining company which operates its revenue from the sale of silver. The Corporation is actively pursuing further growth opportunities, primarily by way of entering into long-term silver purchase contract.
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DarkToast (66.61) Submitted: 6/17/08 12:34 PM : Start Price: $14.04 SLW Score: -28.02
When precious metals experience the next leg up, silver is going to do better than gold. SLW is one of the few silver focused miners, and it doesn't have the problems of many of the other silver miners. CDE and SRLM have legal and management problems that SLW is mercifully free of. While above ground amount of gold climb every year, above ground amounts of silver decrease every year. Silver has a lot of useful applications, more than gold. There is silver in the keyboard I am typing this on right now. Even though silver is a precious metal, even a sharp increase in price is unlikely to affect demand because the amount used for each individual application is so small and that a suitable substitute is not available.
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