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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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frankaj1 (76.41) Submitted: 11/29/06 10:56 AM : Start Price: $11.47 SLW Score: 8.01
I like SLW for the same reasons I like the ETF SLV: I like math. World silver supply is about 300 million oz for 3+ billion people... metal is used in production as well as jewelry and coins. Silver is 16 times more plentiful than gold. With gold at 638.10 per troy oz. silver you should expect silver to trade at 1/16th that or $39.88/troy oz. Currently silver is at $13.67 .... plenty of upside potential with little downside risk.
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