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Wednesday, November 17, 2004 2:07:57 PM
As I posted here a year and a half ago, I was focusing on gold (collector coins and stock) as a way to get well from the PWTC disaster. Since then, I've made back a third of the loss and done enough research to figure out that for a lot of reasons silver is even better than gold. So, what follows is off topic.
Even with gold closing at $440.40 today, my biggest winner over the last week is a silver development company operating in the Patagonian mountains of Argentina. Drilling results earlier this month showed kilograms per ton rather than the usual grams per ton. It's IMA Exploration (IMXPF, OTC:BB) now at less than 4 bucks per share, up nicely today with bigger volume than usual. No news since 2 November, but the web page is showing photo of drill sample with shiny metallic silver that's as pretty as a new dime. (I figure it's either the photos or there's a PR pending to explain the unusual volume.)
Not only does metallic silver do a lot more for grams per ton than do atoms scattered through the ore, but this stuff is near/at the surface allowing for open pit mining which is cheaper than digging a mineshaft.
Disclosure: Bought more last week at 3.34 and still more this morning. Maybe a couple of you would like to join me but only after doing your own due diligence. Start with their "QwikReport" at
http://www.imaexploration.com/s/QwikReport.asp
so that you can scroll down to the expandable photo of the drilling sample. The home page is at
http://www.imaexploration.com/s/Home.asp
Just my opinion, but the investors in PWTC were a better bunch than the company itself and deserve a stock worthy of the investors who once raised money within hours to send "Reg Guheert" to a battery symposium.
Caradoc
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