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About: Caesars Report helps retail and institutional investors profit in the equity markets. We cover many companies in our Research Reports, Trading Alerts and Stock Portfolio. We have advice for every investor no matter how big or small their portfolio may be. We prefer smallcap stocks above... More
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  • Mining Top 25 for 2010 - 18 - U.S. Silver Corporation 0 comments
    Apr 27, 2010 4:06 PM | about stocks: USA


    Price  $ 0.170

    Ticker  USA.V
    O/S  222,919,000
    Avg. Volume  900,500
    Market Cap  $ 27.60M
    Sector  Mining (Silver)
    Countries Active  USA
    Cash  $5M + 5M receivables.

    52 Week Low:  $ 0.065 (31/29/2008)
    52 Week High:  $ 0.240 (6/1/2009)


    Company Statement

    US Silver Corp owns and operates the Galena Mine in the historic Silver Valley of North Idaho. The Galena Mine and Mill, along with the Coeur Mine and Mill and the Caladay Project were acquired from Coeur d’Alene Mines Corp (NYSE-CDE) on June 1, 2006.

    A total of 11,000 acres of patented and unpatented mining claims, along with surface facilities and equipment were acquired for $15 million. The Galena Mine lies in the heart of the Coeur d’Alene Mining District.

    Th    roughout the long history of the Company’s properties, the mines have
     produced some 9.9 million tons of ore containing over 200 million ounces of silver, 160 million pounds of copper, and 22 million pounds of lead at an average grade of 21.2 ounces per ton of silver, 0.8% copper and 8.8% lead. The Galena Mine ranks as the second largest primary silver mine in US history.


    Positive / Negative

    Positive:     Silver Valley provides a great location to mine, Once Galena Shaft is repaired, we forecast a 50% production increase from 2011 on, the new management is production-focused.
    Negative: Relative high cash costs for silver (10.5 USD/oz anticipated in 2011), but it’s a nice leverage to silver prices.

    Main catalysts for 2010
    - Repair of Galena Shaft anticipated for February 2010
    - Higher output for 2010 (our estimates are around 2.75M oz of silver)


    This article was released during     January 2010, so a lot has changed since then. Track our “Mining Top 25 portfolio” at caesarsreport.com/portfolio or sign up at caesarsreport.com to receive all reports and alerts live, free of charge.

    Disclaimer
    Please read our full disclaimer on the website here.

    Disclosure:     We hold a Long position in Universal Resources Limited, this means we are biased, so please always do your own research.

    Themes: Universal Resources Limited, Caesars Report, Mining Top 25, Silver, Galena, North Idaho Stocks: USA
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Africa, Albania, Andean American Mining Corp, Apollo Gold, Athabasca, Athabasca Basin, Australia, Avanti Mining, Baja Mining Corp., Caesars Report, Caesars Report , Caldag, Cameroon, Canada, Churchill Mining, Churchill Mining Plc, Coal, Cobalt, Commodities, Copper, Cortona Resources Limited, CUMO, Dargues Reef, El Boleo, Enachedong, European Nickel Plc, Exploration, Ezulwini, FerrAus Limited, First Uranium Corporation, Fission Energy Corp, Galena, Geovic Mining Corp, Gold, Hathor, Hathor Exploration Limited, Heap Leach, Indonesia, Iron ore, Junior Miner, KEPCO, Mercator Minerals, Mexico, Mining, Mining Stocks, Mining Top 25, ML, ML:TSX, Molybdenum, molybdenum,
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