Yes, it's not always easy to keep your nerve, Alber, when fear & loathing consume the market. But with the ASX down now about 16% from its peak (astonishly, given the relative strengths of our respective underlying economies, a greater percentage fall than in the US!) there's some very good value beginning to emerge around here.
Given that SLV's production roll-out to date has been so successful, the continuing bonanza prices for PGMs, the fact that a healthy swag of cash has already been raised for developments & acquisitions, and the as-yet unrecognised value locked up in Everest North...given all those factors, I'd certainly count SLV in the mid-low $2.00's as excellent buying.
For what it's worth, I've been chipping away on the back foot myself in the past few days.
SLV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
