Shoshone Silver/Gold Mining Co., Inc. (fka SHSH)

[EasyBet]

Tight fisted shareholders. The company is listed on the German stock exchange and I am told a large number of the shareholders are in Europe.

No press release summing up the annual meeting yet but if anything volume has dropped. A little year end tax selling maybe.

A gold mine and a Silver mine to start production in the spring would normally move the needle quirt a bit but investors have been holding the current price levels for a long time and it seems that we may be standing on or close to the pre production pps. Similar to many miners, actual production and the financial analysis resulting in a real eps rapidly adds value to the company and the increases in pps are obvious.

I am guessing that over time we will learn about the resource definition for each of the existing properties. It is clear at the Strand Silver Mine but at none of the others including the Rescue Mine. The company stated that the NI 43 101 is currently being updated but is unwilling to release a copy of the original report.

Because the properties and the company are located in the U.S. and management has a successful track record of acquisition and turnaround, I believe we will experience the acquisition of numerous under-financed and failed gold and silver mining projects as they become available over the next few years. Most of the failed projects face huge exploration cost to prove up the resources and few qualify for the millions in financing necessary to adequately drill and assay and define resources..

As far as we know, financing SHSH projects will come from private placements that will not dilute.

Most importantly the company has chosen to focus it's initial production efforts on two sure bets so it can grow organically without borrowing. Given what we know, an analyst can project the profitability of the Strand Mine for 2012 assuming total depletion of the resource during the year. The jury is out until we see the updated 43-101 for the Rescue Mine.

It would be interesting to learn other opinions from those who have conducted some serious due-diligence or have any knowledge from the recent annual meeting.