In September, I wrote an article on SilverCrest Mines (NYSEMKT:SVLC). I praised the company for its profitability in a depressed metal price environment and for its growth potential, but suggested that investors hold off on investing in the company. The company's one producing property--Santa Elena--while profitable, has a short life span. Further, the company was on the verge of releasing a preliminary economic assessment for its largest exploration property--La Joya. While investors were generally optimistic regarding the property's future, I argued that a PEA that predicted high production costs or a large initial capex figure would substantially change the future prospects of the company--rather than being a low-cost producer with substantial growth potential, there was a small possibility...
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