Silver price discussion and analysis

[refined silver]

Re: SILVER

I think the Brissie dealer has a bit of a wait for Ag bars, they've just swapped suppliers as the previous one put their mark-up way up. Maybe they've just got a load in.

The vault in the bank across the road, is ok if it is allocated silver. Eg your silver is named, and you have the bar serial numbers. Otherwise if it is unallocated, it means you have receipt saying you have some Ag, but they could have sold it, or whatever, as very few people would come to redeem their silver at the same time it means the bank doesn't have to keep much on hand. Sort of like what they do with your money! They lend it out again, only problem is if they go belly up, you've lost your silver, whereas if it was "allocated", with specific numbers its yours and can't be lent out sold etc.

 

[Boyou]

Re: SILVER

Thanks for the tip ,refined silver .The company I refer to is Ainslie Bullion Co.

I will be sure to ask if it is allocated. After all I want to be able to visit with my bars from time to time

 

[refined silver]

Re: SILVER

Hi all,

Hopefully I'm not to late to the party.

When I did a 'principal activity search' for 'SILVER' at ASX website
http://www.asx.com.au/asx/research/...me=&principalActivity=silver&industryGroup=NO
the following companies came up.

Does anyone disagree with the companies listed:

CBH CBH Resources Limited
DRK Drake Resources Limited
EXS Exco Resources Limited
FND Finders Resources Limited
JML Jabiru Metals Limited
JUT Jutt Holdings Limited
MAR Malachite Resources NL
MMN Macmin Silver Ltd
PLV Pluton Resources Limited
SVL Silver Mines Limited

I would also be interested in learning if anyone is actually holding
a) any of the above stocks at present
b) silver stocks outside aussie (i.e., in US, Canada, UK)
or c) if they are holding physical silver (i.e, bullion) instead.

sleepy

Hi, all has anyone done more legwork on these? I have many overseas silver stocks, but am trying to reduce overseas holdings as I see too much risk with the chain of custodians holding your stocks, many of whom are up to their neck in the sub-prime mess.

Of course many stocks have some silver. Virtually any zinc/lead miner has some silver as a by product, what we are after is companies where silver is a significant proportion of their business. In my opinion, the following are the main Aus silver companies with SIGNIFICANT silver exposure:

1. BSG - today suspended from quoatation, merging with CDE, should be about the biggest primary silver miner in the world.

2. MMN - silver producer in Qld, other Ag dev and exp. >80% of assets in Ag

3. KMN - Large Au/Ag/Cu developing mine in Mexico - 25% in Ag at current prices. (Also Mb/Cu project in Qld - which while a bonus, would further dilute direct Ag exposure.

4. MAR - small JORC Ag deposit, plus Cu and Au exp projects.

5. SVL - SIlver explorer - no resources yet.

6. CBH - Zn/Pb miner with some added Ag. Ag maybe approx 10-15% of resources

Can anyone add to this list with details??

 

[refined silver]

Re: SILVER

For overseas silver stocks, here is one the best introductions to companies.

http://www.silverstrategies.com/defaultIE.aspx

Most companies here are 25%-99% silver companies. However, as just mentioned, the chain of custodians needed for overseas stocks puts you much further away from your assets than you want to be, especially in a financial meltdown. Hence be very careful.

 

[refined silver]

Re: SILVER

Thanks for the tip ,refined silver .The company I refer to is Ainslie Bullion Co.

I will be sure to ask if it is allocated. After all I want to be able to visit with my bars from time to time

Yes I know! They seem a good company. They often use a 5kg Ag bar as the doorstop. Seriously!!

 

[Enoch]

Re: SILVER

CDE can be traded from today on the asx.

The asx code is CXC.

Any ideas on the most undervalued silver play either on the ASX or TSX?

Some of the Canadian juniors appear undervalued at the moment.

Think there is a lot of tax loss selling after the sub prime debacle.

If Silver holds next year. I think the Canadian Juniors will do well in the first quarter of 08.

 

[bean]

Re: SILVER

CQT may be another for the list???

Silver miners in the US...yes there is there tax time/tax loss selling going on.

POS has held up pretty well...Read somewhere where silver may actually outshine POG in the next advance. I posted the bullish and bearish numbers for POG...silver if POG does the bullish part has to break US$15
For CXC/BSG US$4.50 have been told/read at resistence could have a sharp drop back however may break out to US$5.20 It is at the crossroads so next couple of days a critical re POG and POS

Regarding physical silver...I read many years ago can't remember who...said hold at least 10% in physical. I have about 10-15 %. of my portfolio not silver portfolio.

 

[refined silver]

Re: SILVER

Most leveraged Aus miners - you can't go past MMN - for a producer, unhedged, no debt, soon to be 2moz/a for a fully diluted market cap of $120m , not even the Candian juniors can match that. Problem is its a bit of a dog of a stock. Instead of moving fluidly with the Ag price it languishes for ages, and then suddenly runs. If Ag goes $25 on the next move, I'd expect MMN to 4-fold from here (double its May 06 high)

Other cheap Ag Canadian juniors include ASM.V, CZN.TO, GGC.V, SBB.V and if you want an absulte speccy - try IDLM.PK - very illiquid, but has a 20% royalty on Hecla's Lucky Friday mine, which should start paying in 6-9 months. Hecla had built up a large loss on LF which had to be recouped before the royalty would start to be paid. IDLM has a market cap of $20m, and a lot of land in US's biggest silver district.

Disclaimer: I own all the above mentioned stocks

 

[Enoch]

Re: SILVER

Hi Refined Silver.

I looked at Macmin back in 2003 took a large holding in BSG instead. Best decision I ever made.

Candian Zinx looks attractive 3 billion pounds of Zinc and 2.2 billion pounds of lead.

Wonder if you can let me know the exploration potential.

They only have 70 million ounces of silver.

You may know from previous posts that I also own Sabina. Have done so for a couple of years. Its my largest overseas holding.

You have to love the fact that a director of Wolfden (taken out by Zinefex) is also a director of Sabina. Although If Sabina was taken out I wouldn't want it taken out two cheaply given the size of the resource.

I also own Garibaldi, IPT, SRLM, RVM and MTB.

MTB have dropped to about 23 cents Canadian. They have silver assays as follows 5.18m 5258 gpt and 8.53m 2260 gpt. They also have a 50% ownership is the Silver Coyne project with very good gold grades.

RVM have also fallen a bit. The problem their is the environmentalists don't want the mine to go ahead. It will likely go ahead in the future as the govenment I believe is behind development particularly since it has been demonstrated that with a little funding from Revett the habitat will actually be improved.

Looking forward to the reopening of the Sunshine Mine I think this one also has been a little subdued given the negativity from some of the letter writers. What I like however is management has seemed to have continued about their business even with all the negativity however unjustified it was.

Its good to see this thread getting some attention. I think in the next few years the views and posts on this thread will increase considerably.

 

[refined silver]

Re: SILVER

Hi Enoch,

For CZN.TO all the infrastructure was set by the Hunt Brothers in the late 70s, its 95% ready to go. As far as exploration - only know the resources you mentioned are zone 3 out of 12. So 11 other areas open for exploration once zone 3 starts producing.

I also own SLRM and RVM - which is also incredibly undrevalued. SSRI are as blue chip as you can get in silver companies. TRGD.PK is also very cheap now, it has 3 producing mines, many projects, including one adjoining BSGs and is under $50m MC.

 

[Flying Fish]

Re: SILVER

MMN management are bad

 

[Boyou]

Re: SILVER

MMN management are bad

Would you care to elaborate on that statement FF?

Gotts say I really dislike this sort negativity without supporting information.

I am a holder.

Cheers

 

[refined silver]

Re: SILVER

I agree FLying Fish, unless you give some serious supporting data, your post is a waste of space and not appreciated.

On the positive for Management they've taken a piece of land to a producing mine, less than 1% of all explorers do that, they have done the same with New Guinea Gold - NGG.V, and FNT which they are also involved in has 2.7moz Au, plus 1.5bp of Cu. In my mind thats pretty good management. They understand mining, not like pretty boy internet or ex-financial services companies, who changed their names to jump on the commodities boom, but have no clue about geology or mining.

 

[Flying Fish]

Re: SILVER

Really. No announcements of late, and all they ever do is dilute shareholders interests and issue more oppies for themselves.
On top of that there quotes for production of silver were based on an aussie dollar than was in mid to low 70 cents us.

 

[refined silver]

Re: SILVER

I don't have a problem with their announcements. Co's which hype stuff every week generally spend far more time on promotion than doing the business there're supposed to.

Dilution has been minimal lately, you can't bring a project to production without funds, and I'd rather some dilution and no debt and no hedging, rather than no dilution and huge debt and hedging to the banksters.

Re oppies - I also don't particularly like this either, but hard find a company that doesn't do it.

 

[Real1ty]

Re: SILVER

I am also a holder of MMN and another of the Silver believers.

There have been some issues recently, and production for the December quarter of the 130,000 oz will not be met.

MMN have a unique product with the powder they produce and although they have had a few issues, i still believe in the company.

As for announcements, what can you announce if there is no news?

I will also mention i bought at .32c so am sitting on a loss but will continue to hold.

 

[clowboy]

Re: SILVER

Well I rang the perth mint today to get a price on some silver bullion and they have no stock

LOL

 

[Boyou]

Re: SILVER

One to add to the Silver prospectors.

Sinovus Mining SNV

Newly listed (11 Dec.) Prospecting for Silver and Gold in China
From Company announcements:-

Xiangguang Project Grades of 238g/t to 331g/t Ag

Daxing'anling Project Application for 20 Licences covering 1,300 km²

Shares issued at .20 and now at .19. Anyone with any thoughts on this one? Refined Silver? You on this yet?

Cheers

 

[refined silver]

Re: SILVER

One to add to the Silver prospectors.

Sinovus Mining SNV

Newly listed (11 Dec.) Prospecting for Silver and Gold in China
From Company announcements:-

Xiangguang Project Grades of 238g/t to 331g/t Ag

Daxing'anling Project Application for 20 Licences covering 1,300 km²

Shares issued at .20 and now at .19. Anyone with any thoughts on this one? Refined Silver? You on this yet?

Cheers

Hi Boyou,

No hadn't seen it, will have a look. Everyone has their own criteria for choosing stocks, having lived 4-5 years in Central Asia, in ex-soviet states and next door to china, I am very wary on political risk. Not so much nationalisation, which is a possibility, but more that there is so much corruption here, that everyone takes a piece of the action is anything is profitable, so that I fear there's very little left for shareholders. On the other hand, China will be world's biggest Au producer next year overtaking SA, and has a lot of Ag too. So who know's??????????????

 

[doogie_goes_off]

Re: SILVER

Ral1ty - are you still holding MMN at ~20c ? You said:

"I am also a holder of MMN and another of the Silver believers".

Bit scary !!