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

SilverCrest Mines: Expansion Potential At La Joya Makes This A Solid Investment

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details