Three interesting straws in the wind today .At PDAC there are predictions that going forward there will be a boom especially in the base metals .During the last year Iron ore has gone up the most (70%) followed by copper silver etc and the lowest gold(25%).Second my best performing gold producer in the last few months bear market has been FCX which owns part of the worlds largest copper/gold mine in Indonesia and operates it and has other copper projects.Third Newmont has just bought out (today) for 350 million dollars or so a deposit in the golden triangle on BC which contains gold ,silver and copper.
So one would think that Silver lake with its gold and copper production would be performing better than it has .Reading the recent review of operations is quite impressive but Mr Market does not seem to approve ,part of the problem I think is the massive number of shares outstanding ,with all the cash flowing in this could easily be solved by a share buyback program to help shareholders who have been suffering these last few months and whom the management seems to be totally oblivious of .
Three interesting straws in the wind today .At PDAC there are...
Add to My Watchlist
What is My Watchlist?