Ben Kramer-Miller
Gold & precious metals, macro, research analyst, deep value

SilverCrest Mines: A Wonderful Company At A Fair Price

Since I last wrote about SilverCrest (NYSEMKT:SVLC) in December shareholders have been on a wild ride. The stock traded at $1.64/share when I wrote the article. By February they traded as high as $2.78 before plunging back to Earth with the rest of the mining sector.

SilverCrest's fall was particularly violent given two additional catalysts particular to the company. First, the company issued 8.9 million shares at $2.60/share, which added to the supply of shares on the market. Second, the company reported disappointing Q4 numbers on Monday, March 24th.

With the stock now sitting at $1.69 the stock is still a nickel higher than where it was in December, although the gold price is about 5% higher. This,...

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