SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : SSRIF Silver Standard Resources
SSO 81.71+1.7%Jun 12 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: baystock who wrote (387)12/20/1999 12:15:00 AM
From: Claude Cormier  Read Replies (1) of 403
 
<<Don't you think BAY has peaked ?>>

It is always possible if all goes wrong. I mean, if silver move decisively below $5, if the recovery rates at Alamo Dorado are only at 60% and if they do not add to current reserves...then yes..BAY will have problems to make a new high past $3.04.

But the probabilities are that silver will continue to trade around $5, that the recovery rates will approach the rates in the preliminary tests and be between 65 and 70% and that more reserves will be added.

IOW, I think that those who recently took a private placement at $3 are right. BAY is likely to move much higher.

The NAV with silver at $525 and very conservative recovery rates of 60% is near $5... With 70% recovery rates, the NAV is above $7, so a target of $4 appears to be extremely conservative on an acquisition basis.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext