The Best Silver Stock

[silver1000]

Hey all, new to the forum here, but I have been "lurking" for a while and have decided to start posting since I see that the moderators delete all of the "bad" posts. Anyways, I wonder what people think about who is the best silver mining stock to invest in?

SLW, CDE, SSRI, PAAS, SIL, HL, MGN, MFN, IMR, seem like the leaders for U.S. traders at least. I know that there are others that are both traded in the U.S and Canada and even more markets, so I welcome the mention of those companies as well. My personal holdings are in SLW and CDE and I will explain why later if this thread picks up, but I welcome new stock picks and arguments for other companies as well. It seems all of these companies are moving higher with what the price of silver is doing lately, but I hope this board can determine which moves the best.

[Ardent Listener]

Welcome to the forum. I can't answer your question about silver stocks, but I have to disagree with you about the moderator deleting all the bad posts. After all, they allow me to post here. :lol:

[silver1000]

Hi Ardent, thanks for the welcome. Are you not in the silver stocks? Hold the physical instead? I have both but prefer the mining shares since they have larger moves than the metal. Well usually at least. Not today! Wow what a slaughter that was and it looks like we may have more to come unfortunately. But hey I guess we were due for a correction. This bull will resume soon enough. One other big silver stock I forgot to mention was WTZ. I think GLG has a bunch of silver too but they also do a lot of gold, not sure. Anyways I'm happy with my SLW AND CDE, but I welcome arguments for other stocks as well. Nice to be on a forum without all the bashers and spammers clogging things up.

[argentum_bug]

Independence Lead Mines is the most leveraged silver play now, whose major asset is 18.52% interest in profits of the Gold Hunter area (Lucky Friday mine, Idaho, operated by Hecla Mining).

Current P/E is 1.x (ONE) or 87 US cents per ILDM share.

The mine will operate at full capacity to mine 4,000,000 silver ounces per year in few months with cost of production below USD/Oz 4.5 (thanks to substantial zinc/lead byproducts).
This is long life mine with current silver resource of 90 million silver ounces and growing.
At current metal prices (e.g. @ silver at USD/Oz 14.5) mine gross profit is equivalent to USD 40,000,000 annually.
And ILDM, which will receive hefty royalties, will distribute them to shareholders, once capital cost of USD 43 million is recouped within 1 1/2 years, being not only most leveraged based on P/E basis but also with the highest potential dividend yield.

You are welcome to check the full story at
http://www.geocities.com/argentum_bug/

Welcome to ILDM forum also at www.stockhouse.com!

[Rob108]

Thanks Argentum Bug since there are not too many silver plays in the US and Canada. And they become increasingly important given the political turbulance already taking place in Mid and South America of which there is much more to come. I reckon ILDM, Abcourt Mines, Sterling Silver, Mines Management and others will have a huge geographical premium on their share price the next coming years apart from becoming gigantically popular because of the Comex Friends activities breaking down.

[bull]

Hello everyone,

My first post in the forum. Good to be here.

Does anyone follow SPM.to?

[jaguaro]

Not yet but I have been following Silvermex Resources Ltd. (SMR.V)
http://silverseek.com/smr

[bull]

Here is a good general introduction to Scorpio Mining.

Scorpio Mining is my largest holding.

http://www.minesite.com/companies/comp_single/company/scorpio-mining-corporation.html

[richiedoc]

Independence Lead Mines is the most leveraged silver play now, whose major asset is 18.52% interest in profits of the Gold Hunter area (Lucky Friday mine, Idaho, operated by Hecla Mining).

Current P/E is 1.x (ONE) or 87 US cents per ILDM share.

The mine will operate at full capacity to mine 4,000,000 silver ounces per year in few months with cost of production below USD/Oz 4.5 (thanks to substantial zinc/lead byproducts).
This is long life mine with current silver resource of 90 million silver ounces and growing.
At current metal prices (e.g. @ silver at USD/Oz 14.5) mine gross profit is equivalent to USD 40,000,000 annually.
And ILDM, which will receive hefty royalties, will distribute them to shareholders, once capital cost of USD 43 million is recouped within 1 1/2 years, being not only most leveraged based on P/E basis but also with the highest potential dividend yield.

You are welcome to check the full story at
http://www.geocities.com/argentum_bug/

Welcome to ILDM forum also at www.stockhouse.com!

From his geocities site:

My Godfather’s Theo Butler latest commentary on silver Ê (http://www.investmentrarities.com/weeklycommentary.html)

plus his yahoo email address = DYODD!

[bull]

Fully permitted 250 TPD mill

Market cap less than 7 mil CDN

Producing gold now

Owns property in the Gowganda silver mining district in Ontario, Canada.

Gold purchase program to be launched this fall, allows shareholders to purchase up to 80oz for production cost of $350. This allows you to pay for 90% of the cost of buying the shares at the current price.

You would do well to look at the company. If you find a better risk reward situation, then for the love of God, let me know!;)

[chux03]

The BEST silver stock?? Today? Tomorrow? Who knows....

BUT right now.....

I like (and own) the following silver stocks:

PAAS - Pan American Silver http://www.panamericansilver.com/ Stock price: about $28

HL - Hecla Mining http://www.hecla-mining.com/ Stock price: about $9.00

CA:SNS - SNS Silver http://www.snssilver.com/ Stock price: about $1.15


Visit their websites and Google each of the above for more info.


Pan American Silver is considered one of the two premier large stable $2B annual producers of silver who's properties are primarily in Central and South America. They are in the business of silver mines and producing silver.

Hecla Mining is one of the oldest silver producing companies anywhere (since 1891) and concentrates on it's US silver producing properties in Alaska and Idaho, tho it does have interests in Venezuela.

SNS Silver is a GREAT STORY & owns (together with Silver Wheaton's 11.3% minority share, which says something in and of itself) 88.7% of the historic, past producing Crescent Mine in Idaho's Silver Valley near Wallace. Located between the Sunshine mine and the Bunker Hill mines "like the bullseye of a dartboard", this speculative property and stock seems to have a lot going for it in an area with a solid silver history and potential. An extensive drilling/exploration program for the property is well underway.

I like silver and also have invested over the years in 90% silver coins. While spreading out risk is desirable and one's portfolio should be diversified, IN SILVER INVESTMENTS, here's 3 companies that go the entire range of (silver) products, potential and risk. In silver investments, this IS diversification!! Check em out and invest wisely....

[colden]

Independence Lead Mines is the most leveraged silver play now, whose major asset is 18.52% interest in profits of the Gold Hunter area (Lucky Friday mine, Idaho, operated by Hecla Mining).

Current P/E is 1.x (ONE) or 87 US cents per ILDM share.

The mine will operate at full capacity to mine 4,000,000 silver ounces per year in few months with cost of production below USD/Oz 4.5 (thanks to substantial zinc/lead byproducts).
This is long life mine with current silver resource of 90 million silver ounces and growing.
At current metal prices (e.g. @ silver at USD/Oz 14.5) mine gross profit is equivalent to USD 40,000,000 annually.
And ILDM, which will receive hefty royalties, will distribute them to shareholders, once capital cost of USD 43 million is recouped within 1 1/2 years, being not only most leveraged based on P/E basis but also with the highest potential dividend yield.

You are welcome to check the full story at
http://www.geocities.com/argentum_bug/

Welcome to ILDM forum also at www.stockhouse.com!

I tried getting a chart at scottrade for ILDM and it's a BAD symbol.

[chux03]

The BEST silver stock?? Today? Tomorrow? Who knows....

BUT right now.....

I like (and own) the following silver stocks:

PAAS - Pan American Silver http://www.panamericansilver.com/ Stock price: about $28

HL - Hecla Mining http://www.hecla-mining.com/ Stock price: about $9.00

CA:SNS - SNS Silver http://www.snssilver.com/ Stock price: about $1.15


Visit their websites and Google each of the above for more info.


Pan American Silver is considered one of the two premier large stable $2B annual producers of silver who's properties are primarily in Central and South America. They are in the business of silver mines and producing silver.

Hecla Mining is one of the oldest silver producing companies anywhere (since 1891) and concentrates on it's US silver producing properties in Alaska and Idaho, tho it does have interests in Venezuela.

SNS Silver is a GREAT STORY & owns (together with Silver Wheaton's 11.3% minority share, which says something in and of itself) 88.7% of the historic, past producing Crescent Mine in Idaho's Silver Valley near Wallace. Located between the Sunshine mine and the Bunker Hill mines "like the bullseye of a dartboard", this speculative property and stock seems to have a lot going for it in an area with a solid silver history and potential. An extensive drilling/exploration program for the property is well underway.

I like silver and also have invested over the years in 90% silver coins. While spreading out risk is desirable and one's portfolio should be diversified, IN SILVER INVESTMENTS, here's 3 companies that go the entire range of (silver) products, potential and risk. In silver investments, this IS diversification!! Check em out and invest wisely....

Well, let's see.... SNS is still about the same price, just a shade over a buck.
Hecla is around $11. BUT HAVE YOU SEEN PAN AMERICAN SILVER?? $41 and some change.
Those were 3 fair choices. You'd have made money on two out of the three and if you'd waited another year, all 3 will probably make money.
Am I holding any of these almost a year later? Nope.
My favorite silver stock right now is one I've been holding almost a year. Besdes being a mining and development company that holds a valuable asset in the Keno Hill (silver) Mine and they also own a growing environmental services company that holds some very valuable patents and techniques for mine cleanup and remediation.
The company? ALEXCO RESOURCE CORP - AXU on the AMEX
www.alexcoresource.com/s/Home.asp
This is a GREAT company. Keep this one on your watch list!!

[silver1000]

It's been a while since I've posted on this forum and even longer since I started this thread, but I am happy to see this forum has gotten more active lately.

I wonder if it has anything to do with the fact that silver is at 27 year highs!

Anyways I wonder what people think about what the best silver stock based on current valuation is the best buy right now?

I currently still hold SLW but thankfully long ago dumped CDE. My other top silver holings right now are EXK IPT.V SMR.V TUMIF.OB and OK.V. I think all still have great potential going forward, but I welcome anyone that can poke holes in my beliefs or want to try and convince me to get into someone else instead or as well.

Thanks in advance for any input.

Hi Ho Silver!

[chux03]

The silver bull awakens....

And that's probably the reason for this forum waking up too.

Looks like something is about to happen (in the silver market).

HOLD ON!!