Tuesday, April 19, 2011 3:12:42 AM
With Silver at 42.5$ (Was 9$ 24 Month ago) we can't afford not having a silver mine right now.
Historic Gold /Silver ratio was 16.
So If gold go to 1600$, 100$ is coming for Silver.
The best way to play this is AUMN
http://www.goldenminerals.com/
Interview CEO ----> http://www.webeatthestreet.com/media/archives/GoldenMinerals20100907.mp3
Why ?
-120M$ in cash
-350M$ Market cap
-Very low float (15M)
-Sprott Asset Management Top pick
-100 to 180M Silver once (High Grade 200g/t) in El-Quevar
-Control several other Silver mines in Mexico (From Apex Silver who fall in Bankrupcy when silver was sub 10$)
-Target price + 100$/Share
-----> https://dahlmanrose.bluematrix.com/sellside/EmailDocViewer?encrypt=7cc61c3a-a40b-4895-a18b-6bd1f171df7d&mime=pdf&co=Dahlmanrose&id=agraf@dahlmanrose.com&source=mail
3 DECEMBER 2010 :
SILVER 29,3$, AUMN = 28.79$
17 APRIL 2011 :
SILVER 43.05$, AUMN = 22.95$
SHOULD BE TRADING AT 43.07$ RIGHT NOW !!
IN THE MEAN TIME, AUMN ANNOUNCED MORE SILVER IN EL QUEVAR.
Shares Outstanding5: 15.25M
Float: 8.72M
Held by Insiders6: 22.93%
Held by Institutions6: 48.60%
Total Cash (mrq): 121.59M
Golden Minerals is the one I just visited in Argentina, and I think that their El Quevar project is very interesting and has a lot of potential upside.
The company's market cap is still under $400 million, and I think it has a long way to go.
It is still drilling right now, and all the labs around the world are backlogged. It's already drilled 10 holes on the Carmen prospect and has been waiting for assays for roughly two weeks now.
So, the investment thesis on Golden Minerals is this: The Yaxtché zone contains 100% of the company's resources, which is roughly 60.5 Moz. silver.
Now based on recent drilling, the geologists on site believe they have two other sub-parallel zones to Yaxtché.
One is the Carmen target and the other is Mani (500 m south of Yaxtché). They are parallel to Yaxtché, and if the geologists can prove they are sub-parallel veins to Yaxtché, the resource estimate could even triple.
Right now, the company is completing a feasibility study on El Quevar. Once that's reported, we can model the mine very easily.
We can build a financial model of the mine that will make us even more confident in the number of ounces, as well as the production and cost numbers. I see the market cap easily doubling once that happens.
TGR: How large can this Yaxtché deposit be?
AS: If the sub-parallel zones are as big as the Yaxtché, about 180 Mozs. of silver.
Even if the zones turn out to be smaller, sub-parallel zones, I think Golden Minerals'
El Quevar can easily come up with more than 100 Moz of silver.
http://seekingalpha.com/article/242797-interview-precious-metals-expert-alka-singh-talks-gold-and-silver-producers-with-growth-potential
Historic Gold /Silver ratio was 16.
So If gold go to 1600$, 100$ is coming for Silver.
The best way to play this is AUMN
http://www.goldenminerals.com/
Interview CEO ----> http://www.webeatthestreet.com/media/archives/GoldenMinerals20100907.mp3
Why ?
-120M$ in cash
-350M$ Market cap
-Very low float (15M)
-Sprott Asset Management Top pick
-100 to 180M Silver once (High Grade 200g/t) in El-Quevar
-Control several other Silver mines in Mexico (From Apex Silver who fall in Bankrupcy when silver was sub 10$)
-Target price + 100$/Share
-----> https://dahlmanrose.bluematrix.com/sellside/EmailDocViewer?encrypt=7cc61c3a-a40b-4895-a18b-6bd1f171df7d&mime=pdf&co=Dahlmanrose&id=agraf@dahlmanrose.com&source=mail
3 DECEMBER 2010 :
SILVER 29,3$, AUMN = 28.79$
17 APRIL 2011 :
SILVER 43.05$, AUMN = 22.95$
SHOULD BE TRADING AT 43.07$ RIGHT NOW !!
IN THE MEAN TIME, AUMN ANNOUNCED MORE SILVER IN EL QUEVAR.
Shares Outstanding5: 15.25M
Float: 8.72M
Held by Insiders6: 22.93%
Held by Institutions6: 48.60%
Total Cash (mrq): 121.59M
Golden Minerals is the one I just visited in Argentina, and I think that their El Quevar project is very interesting and has a lot of potential upside.
The company's market cap is still under $400 million, and I think it has a long way to go.
It is still drilling right now, and all the labs around the world are backlogged. It's already drilled 10 holes on the Carmen prospect and has been waiting for assays for roughly two weeks now.
So, the investment thesis on Golden Minerals is this: The Yaxtché zone contains 100% of the company's resources, which is roughly 60.5 Moz. silver.
Now based on recent drilling, the geologists on site believe they have two other sub-parallel zones to Yaxtché.
One is the Carmen target and the other is Mani (500 m south of Yaxtché). They are parallel to Yaxtché, and if the geologists can prove they are sub-parallel veins to Yaxtché, the resource estimate could even triple.
Right now, the company is completing a feasibility study on El Quevar. Once that's reported, we can model the mine very easily.
We can build a financial model of the mine that will make us even more confident in the number of ounces, as well as the production and cost numbers. I see the market cap easily doubling once that happens.
TGR: How large can this Yaxtché deposit be?
AS: If the sub-parallel zones are as big as the Yaxtché, about 180 Mozs. of silver.
Even if the zones turn out to be smaller, sub-parallel zones, I think Golden Minerals'
El Quevar can easily come up with more than 100 Moz of silver.
http://seekingalpha.com/article/242797-interview-precious-metals-expert-alka-singh-talks-gold-and-silver-producers-with-growth-potential
The most successful man in life is the man who has the best information
http://investorshub.advfn.com/boards/board.aspx?board_id=17989
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.
