InvestorsHub Logo
Followers 183
Posts 11456
Boards Moderated 0
Alias Born 01/25/2010

Re: Picassa post# 108

Monday, 04/18/2011 2:48:49 PM

Monday, April 18, 2011 2:48:49 PM

Post# of 176
I was buying more this a.m. down just below the 50dma in low $21s.

It is a ridiculously tantalizing idea that AUMN may be sitting on well over 100M oz. (60M oz. already proven) of really high-grade silver at El Quevar (including the sub-parallel zone at ManiSub and probably a better resource at Carmen than indicated by less-than-stellar initial drilling results)....

And this doesn't even include the properties in Mexico and Peru!

We're looking at more dilution down the road to get more properties developed (or a JV on one or more properties) but the sharecount is so small it won't make much difference to the whopping EPS in a few to several years to come for AUMN...

Naturally, there are risks on some of their properties, but the rewards clearly seem worth it....




Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.