Lundin says buy Great Panther

2008-11-28 21:52 ET - In the News

Brien Lundin, in the November, 2008, edition of the Gold Newsletter, says buy Great Panther Resources Ltd., recently 21 cents. Mr. Lundin said buy Great Panther five times between October, 2005, and May, 2008, at prices ranging from 58 cents to $1.74. Assuming a $1,000 investment for each of the five buys, the $5,000 investment is now worth $907. The newsletter editor's favourite silver stock, Great Panther, has recorded increased production in nine of the past 11 quarters. In its third quarter of 2008, the company reported record-high metal production from Guanajuato. Total metal production rose to 444,686 silver-equivalent ounces, a 23-per-cent increase compared with its third quarter of 2007 -- but a modest 2 per cent above its second quarter of 2008. In the next 12 months, Mr. Lundin writes that Great Panther expects a 40-per-cent improvement in production. This will come from adding two underground loaders and starting up two cut-and-fill stoping levels at Cata and Guanajuatito. Considering the depressed price of the company, Mr. Lundin believes this stock is a great buy