I am looking for the management to prove up their resources to 20 million ounces by year end 2011. This will immediately put them on the radars of the bigger players in the industry. There are only a handful of pure silver plays on the ASX and as such do not count out a consolidation in this sector. Experienced investors know of this as the "PacMan phase" and it is already happening in the gold sector. Majors are moving into the mid-tier and junior environment snapping up prime real estate.
If SVL gets a resource figure in that range and with potential for expansions and new discoveries, things will be interesting to say the least. In the fundamental sense, silver will be higher then 40 dollars in the next 6-8 months....watch SVL make its move then. In a mania, what you will see is sellers drying up really fast with crazy buy prices due to fear...The tighter the register, the higher the share price.
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Last
9.0¢ |
Change
-0.001(1.10%) |
Mkt cap ! $135.7M |
Open | High | Low | Value | Volume |
9.2¢ | 9.2¢ | 9.0¢ | $517.5K | 5.675M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
49 | 1565647 | 9.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.2¢ | 622135 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
49 | 1565647 | 0.090 |
15 | 750766 | 0.089 |
19 | 789826 | 0.088 |
5 | 541806 | 0.087 |
5 | 375895 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 622135 | 7 |
0.093 | 288707 | 6 |
0.094 | 1205961 | 10 |
0.095 | 1179219 | 10 |
0.096 | 176985 | 5 |
Last trade - 16.10pm 02/10/2024 (20 minute delay) ? |
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