With the advent of WCE and its Elizabeth Hill project, and the expected breakout in the silver price, I've been trawling through the Australian silver producers and trying to work out which are the best value propositions at their current market caps.
I've closed some positions (SVL, ARD, IVR, LDR) to focus on some companies which appear to be better value at the moment - WCE and MMA as pure silver plays, and BGD, AVM and HRZ as gold companies with significant silver assets. I've also taken a position in ILT as a silver and multi commodity company with a valuable Indium deposit.
WCE appears to be set to prove up some extraordinarily high silver grades, and might possibly get into production before some of its competitors.
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