Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

Great Panther Silver Is Overvalued

This article is about Great Panther Silver (NYSEMKT:GPL). Great Panther Silver has a market capitalization of roughly $159 million, or $167 million fully diluted. The company operates two silver mines, with some gold (and some base metals to a lesser extent), in Mexico: the Guanajuato mine, and the Topia mine. In addition the company has some properties near the Guanajuato mine, with the entire region being the Guanajuato mining camp. San Ignacio is a development property that is expected to be in production sometime next year, and El Horcon is an early stage exploration property, for which the company has yet to release positive drill results. In addition it has $21 million in cash and equivalents, and no...

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