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Dudley Pierce Baker is the founder and editor of CommonStockWarrants.com, providing an exclusive database of all trading stock warrants. In March 2005, Dudley founded the popular, PreciousMetalsWarrants.com and in May 2013 greatly expanded that service by now covering all stock warrants trading... More
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  • Sunshine Mine - Who Will Win The Prize?? 0 comments
    Mar 24, 2010 9:29 PM

    Perhaps you have heard of the historic Sunshine Mine in Idaho's Silver Valley?

     

    The history of this past producing silver property goes back originally to 1878-1884 producing over 360,000,000 ounces of silver since 1904. The mine has quite a history and has affected many lives in the silver valley, both good and bad.


    The current owners are in bankruptcy and several companies are eager to get their hands on the prize... ownership of Sunshine Mine.

     

    For us, the situation is kind of sentimental. I was in the Coeur d'Alene, Kellogg and Wallace Idaho area way back in August 1979 which unfortunately means I must be getting old, but only 64. Silver then was around $9 an oz. and on its way to $50, but who would have known? I have saved a brochure all these years which marks the 100th Anniversary of the Sunshine Mine from 1878 to 1978.

     

    Two of the bidders for the mine are Alberta  Star (TSX:ASX) which has recently partnered with Kootenay Gold (TSX:KTN) and Minco Silver (TSX:MSV). We encourage you to visit the links to their respective websites for more information on each company.
     

    Bob Moriarty of 321Gold.com shares with us his recent thoughts on the bidders in his article   dated January 27, 2010, Update on the Sunshine Saga.


    Bob's previous article on the subject is also interesting and provides some background for interested investors:

    Shenanigans in the Silver Valley

     

    For recent news, visit this link to the Idaho Business Review, dated March 19th,

    Take Over Bids Heat Up Over Sterling Mining.


    A further perspective and history can be found in this piece on Wikipedia.com

    Sunshine Mine

     

    The bankruptcy auction is scheduled for April 21, 2010 so we will not have long to wait.

     

    Of course, we don't have a clue as to the ultimate winner of this contest, but we are more than interested observers. We believe this will be a very profitable acquisition for the winning bidder as well as from the historical perspective and thus, we have taken an investment position in both Alberta Star and Minco Silver to make sure we get a slice of the prize.

     

    Disclosure:

    We own shares in both Alberta Star and Minco Silver.

     

    For those readers unfamiliar with our services:

     

    ·         PreciousMetalsWarrants.com provides an online database for all warrants trading on the natural resource companies in the United States and Canada.

    ·         InsidersInsights.com tracks the buying and selling of corporate insiders with a focus on the junior mining and natural resource sectors. Buy and Sell Alerts are issued as deemed relevant based upon our analysis.

     

    We encourage all readers to sign up for our free weekly email.


    March 25, 2010

    Dudley Pierce Baker

    Guadalajara/Ajijic, Mexico

    Email: support@preciousmetalswarrants.com

    Website: PreciousMetalsWarrants

    Website: InsidersInsights

     

    Dudley Pierce Baker is the owner and editor of Precious Metals Warrants and Insiders Insights. PreciousMetalsWarrants provides an online subscription database for all warrants trading on junior mining and natural resource companies in the United States and Canada and a free weekly newsletter. InsidersInsights alerts subscribers when corporate insiders of a limited number of junior mining and natural resource companies are buying and selling.

     

    Disclaimer/Disclosure Statement:

     

    Neither PreciousMetalsWarrants.com or InsidersInsights.com is an investment advisor and any reference to specific securities does not constitute a recommendation thereof. The opinions expressed herein are the express personal opinions of Dudley Baker. Neither the information, nor the opinions expressed should be construed as a solicitation to buy any securities mentioned in this Service. Examples given are only intended to make investors aware of the potential rewards of investing in Warrants.  Investors are recommended to obtain the advice of a qualified investment advisor before entering into any transactions involving stocks or Warrants.



    Disclosure: We own shares in Alberta Star and Minco Silver
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