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Re: SOUTHPEN post# 8629

Thursday, 06/16/2011 2:07:42 PM

Thursday, June 16, 2011 2:07:42 PM

Post# of 17231
SOUTHPEN well said, you are right on, good read smile

Reading analysts online can get tiresome with multiple opinions
and variations on each, but 1 consistent opinion concerning
mining stocks seems to be attaching your investment dollars
to companies with NO DEBT,GOOD CASH FLOW and where extra
dollars will not be needed for the short term future for
BUILDING a mine.
You cannot compare a company that has reserves but NOT a
working mine to a company that has reserves WITH a working
mine(in USSIF's case a mine deemed by experts as great
condition)
Any future developments of new exploration projects on USSIF's
11,000 extra acres is not really necessary for the near future,
although I would like to see reserves continue to increase on
a yearly basis.
IF a financial calamity with currencies occur in the very near
future I feel that USSIF will truly prosper in this scenario.
They can for all good intent and purpose ,actually mine for
REAL money.
The lions share of investors seem to group all miners together
where the reality is only a very small portion meet the criteria
for a safe investment that will prosper more as time goes on
due to the safe haven status of silver and the conservatism
of USSIF.
I don't agree with most of you about the necessity of a RS
(for an AMEX listing) and voted accordingly, but regardless
of the outcome this company is one of the best overall silver
investments that we can make over the next couple years.
The cost of building mines is going to go up exponentially
over the next few years, maybe to the point where even with
an escalation in the silver price, it might deem many
projects not feasible, especially those lying in remote
and politically unstable area's of the world.
SOUTHPEN yhank you, good info smile





My opinions are my own and and DD I post should be confirmed as unbiased

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