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"It's good to be back making acquisitions," Silver Wheaton's (SLW +2.1%) Randy Smallwood says...

"It's good to be back making acquisitions," Silver Wheaton's (SLW +2.1%) Randy Smallwood says ahead of Q2 earnings and after its $750M deal to purchase gold and silver from HudBay mines. Deals had been too expensive with silver prices above $40/oz., but "we do think silver is near a bottom." As far as most analysts are concerned, the deal was worth the wait.
Comments (2)
  • WMARKW
    , contributor
    Comments (10307) | Send Message
     
    Rounded 5 million ounces with nominal cost = ~ $125 million and a 6 year payback, with the potential for shorter (probably not longer)?
    9 Aug 2012, 03:20 PM Reply Like
  • redwhiteblue1
    , contributor
    Comment (1) | Send Message
     
    I like SLW- have made money in the past and plan on doing it now. It's not just paper like SLV its base on real assets in the ground.
    9 Aug 2012, 06:24 PM Reply Like
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