It was about 14 years ago when I bought my first parcel of ARD shares. I think that they had about 12M ounces at that time at Kempfield. Progress has been slow, but they have been gradually building a very valuable asset, and as the silver price increases and the resource also increases, I think that the patience of the long-term holders will finally be rewarded, and probably very handsomely rewarded.
I'm aware that people have been predicting a meteoric increase in the silver price for many years, but I believe that finally their predictions are close to coming true. Excluding some dramatic downturn in worldwide markets, I think that today's share price of most if not all of the Australian silver miners and explorers will soon look unbelievably cheap, possibly by year's end.
ARD Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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