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Latest | Highest ratedThe Silver Wheaton Valuation Method, Part 1: Valuing Impact Silver [View article]
their cost is fixed at $3.90/oz - this doesn't increase. Other than their upfront cost this is their only cost. SLW has the best leverage to the price of Silver out of all the primary Silver miners. Also, they don't get hit by higher diesel costs as their cost/oz is fixed for the life of the stream.
Pretty sweet deal imo... This is why they have the biggest margins in the business. Hopefully the dollar keeps rallying over the summer so I can buy SLW when it gets beaten down to a P/E under 30 as I find it's highly overvalued when compared to the silver juniors at P/E well under 2. Thing is, when Silver does spike next time the big funds will flock to SLW as it's the largest primary silver play and is also very liquid in both CAN and USA with close to 4M shares in each country.
-Tron