Survival of the Fittest: Save Haven Investments [View article]
Mark, you might look at First Majestic as a pure silver play. They seem to be doing things right, as far as that goes in ntodays market situation (ie not very far). I am also amazed at what has happened to CDE's share price. Not to mention almost every other miner out there; in CDE's case, what can you say when stocks with a forward p/e of 2.9 and ongoing production is dropping 8% a day and selling for pennies on its equity value? I am waiting for the first major with cash (barrick had 2 billion in cash) to make a move on a crippled junior. That will let us know that the bottom is here, when the big boys start their feeding frenzy..
Survival of the Fittest: Save Haven Investments [View article]
I am also amazed at what has happened to CDE's share price. Not to mention almost every other miner out there; in CDE's case, what can you say when stocks with a forward p/e of 2.9 and ongoing production is dropping 8% a day and selling for pennies on its equity value? I am waiting for the first major with cash (barrick had 2 billion in cash) to make a move on a crippled junior. That will let us know that the bottom is here, when the big boys start their feeding frenzy..