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A leveraged play on the price of silver
And...... what will happen when printing more money isn't viable?
Silver set to take off
Strong silver miner with excellent resources in other valuable base metals
Back in style.
No debt. Great resources. Solid Management.
Taking an underground mine from commencement to operation in 15 months as they did with the San Jose mine indicates excellent engineering and project management. They have low debt low production costs and steadily increasing output
Looking for potential take over targets in the mining sector. The larger miners have been enjoying a rise in their cash position, which they can use to grow their dividend or buy other miners. Since the mining sector still remains relatively inexpensive relative to the rising price of silver and gold, I am buying multiple small miners that look to have value in their own right and may also be potential take over targets.
Still astounded that this is only a 2-star stock on a site full of gold bugs.
My thesis is that silver will not remain below $30/oz for long in the coming months, if at all, and that volatility will continue. I would not encourage anyone to invest in silver itself in this environment. However, young primary silver miners are something else completely. As long as the price of silver remains safely above production costs, silver mines have incentive to reopen, and exploration companies are motivated to look for new potential mineable areas.Even if silver does drop under $30 for an extended period of time, the increasing production of many primary silver miners and silver explorers/soon-to-be producers will far outweigh the drop in silver price in terms of earnings. Looking out 12 months and beyond, even in a protracted environment of, say, $20-25 silver, many explorers/young producers will easily mitigate that potential drop in silver price with their growing production, and share prices will follow suit upwards. I'm giving a Fool's thumb up to several silver miners, b/c I believe that silver will trade above $35 later this year, and will rise over time from there. However (full disclosure), I am personally invested only in the following, due in part to their extreme production growth potential (and many of them have quite low production costs, too):Currently Producing:*Silvermex*Alexco*AurcanaNot Yet Producing:*South American Silver*Wildcat Silver*Sabina*Bear CreekAlways do your DD, and don't forget to have fun. Fool on!
Silver Play-Long Term Hold
Printing money is FANTASTIC for GOLD AND SILVER STOCKS and inflation. Thanks Obama and Congress for your insane spending. A gold and silver guaranteed gift, but I wish for a stable monetary system instead for our country.
A well run, very profitable silver miner. Currently has one operating mine in Peru with a 2nd on the way in Mexico. Simon Ridgeway company.
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