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Re: Lone Clone post# 35728

Friday, 05/31/2024 10:47:59 AM

Friday, May 31, 2024 10:47:59 AM

Post# of 35757
Thanks for the tip on Impact. I just can't get excited about them. Owner runs it like a hobby. Maybe it's changed but never really ramps up production. I do understand that's it's producing mostly silver, which is rare these days. Most bigger silver producers get lured into gold mines because of the higher returns. First Majestic used to brag about it's silver predominance but then got greedy and went after Eric Sprott's gold mine in Nevada. Spent millions trying to prove that mine was failing due to under investment. Finally put it on care and maintenance after losing so many millions.

I do have an explorer in Blackrock Silver. They have 100 million high grade oz plus in Nevada. Stock hasn't done well lately. They diluted a lot because they drilled so much but the silver is there. CEO is a promoter rather than an operator so they will never build that mine.

I think the silver bull run is finally going to happen. Been waiting a looong time. Chen thinks China has adopted a new solar technique, layering solar cells on the top and bottom of the panels. Boosts capacity and China makes almost all solar panels. This change is rolling thru the industry and should take full effect this year and boost usage of silver. Unfortunately they got over zealous about overbuilt capacity. Some factories are going out of business but solar should survive and use more silver. Chen is predicting a bigger silver deficit this year and higher silver prices. We'll see if he's right.

Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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