the silver bulls are back
posted on
Jan 11, 2009 05:52PM
SSO on the TSX, SSRI on the NASDAQ
this is part of an article from mining web. some investors are starting to recognize the huge rally underway in silver stocks, and here is a list, with silver standard among those leading the pack:
Among listed silver stocks with heavier capitalisations, the way upward has been led by Silver Standard, which according to itself has "the largest published in-ground silver resource of any publicly-traded silver company", with a pipeline of projects in Argentina, Peru, Mexico, Canada, Chile, the US and Australia. The group is currently in transition to production with robust development on several core properties, and the construction of the Pirquitas mine in northern Argentina, now in the commissioning phase.
Silver Standard currently carries a market value of just over USD 1bn, giving it the status of being just one of four primary silver stocks in that league, after Pan American Silver, Silver Wheaton, and Fresnillo. The latter, ranking as the world's biggest primary silver producer, boasts a market value of USD 2.7bn, compared to just over USD 6bn at its record levels before the froth was ruthlessly exterminated from equity markets starting around May 2008.
Stock price runs among many junior silver stocks have been spectacular in the past while, with an average around 200% from lows, and up to 700% in the case of San Anton Resources.
On the fundamentals, the consensus of the analytical community appears to be bullish for silver bullion supply-demand supporting rising dollar prices over the longer term. There is generally bullish sentiment for both gold and silver bullion going forward, as further supported by the growing belief, once again, that the dollar will be pressurised further, after staging a very impressive rally between July and December 2008.
Stock |
From |
From |
Value |
|
PRODUCERS |
price |
high* |
low* |
USD bn |
GBP 2.50 |
-56.6% |
168.3% |
2.701 |
|
USD 5.71 |
-70.8% |
127.5% |
1.436 |
|
USD 16.35 |
-62.9% |
83.1% |
1.321 |
|
GBP 1.30 |
-72.3% |
100.4% |
0.604 |
|
USD 16.38 |
-58.5% |
206.2% |
1.027 |
|
USD 0.95 |
-81.7% |
163.9% |
0.524 |
|
USD 2.58 |
-80.4% |
160.6% |
0.464 |
|
EUR 2.43 |
-83.4% |
10.5% |
0.277 |
|
CAD 2.44 |
-77.1% |
105.0% |
0.307 |
|
CAD 0.86 |
-63.6% |
62.3% |
0.173 |
|
USD 0.70 |
-95.7% |
55.6% |
0.041 |
|
CAD 2.57 |
-55.3% |
195.4% |
0.158 |
|
CAD 0.79 |
-78.1% |
129.0% |
0.081 |
|
MAD 324.00 |
-55.3% |
4.2% |
0.645 |
|
CAD 1.31 |
-70.8% |
31.0% |
0.053 |
|
Excellon |
CAD 0.20 |
-89.8% |
62.5% |
0.026 |
Fortuna Silver |
CAD 0.90 |
-71.6% |
136.8% |
0.064 |
Great Panther |
CAD 0.30 |
-82.8% |
63.9% |
0.020 |
Genco Resources |
CAD 0.51 |
-87.2% |
168.4% |
0.018 |
Impact Silver |
CAD 0.54 |
-71.4% |
208.6% |
0.021 |
Revett Minerals |
CAD 0.10 |
-89.6% |
150.0% |
0.006 |
US Silver Corp |
CAD 0.08 |
-91.4% |
166.7% |
0.014 |
DEVELOPERS & EXPLORERS |
|
|
|
|
CAD 0.11 |
-81.4% |
100.0% |
0.005 |
|
Apogee Minerals |
CAD 0.06 |
-88.9% |
100.0% |
0.003 |
Aquiline Resources |
CAD 1.77 |
-84.7% |
145.8% |
0.100 |
Arian Silver |
CAD 0.07 |
-88.4% |
116.7% |
0.008 |
Aura Silver |
CAD 0.05 |
-90.2% |
125.0% |
0.001 |
Avino Silver |
CAD 0.70 |
-60.7% |
288.9% |
0.012 |
Bear Creek Mining |
CAD 1.55 |
-83.5% |
171.9% |
0.071 |
Esperanza Silver |
CAD 0.65 |
-65.1% |
109.7% |
0.026 |
Klondike Silver |
CAD 0.09 |
-75.3% |
50.0% |
0.007 |
CAD 5.35 |
-65.5% |
52.0% |
0.219 |
|
Mexican Silver |
CAD 0.12 |
-84.8% |
84.6% |
0.004 |
Minco Silver |
CAD 1.10 |
-73.7% |
266.7% |
0.029 |
Mines Management |
USD 1.55 |
-65.9% |
222.9% |
0.035 |
Oremex Silver |
CAD 0.06 |
-85.4% |
200.0% |
0.002 |
Orko Silver |
CAD 0.54 |
-74.6% |
92.9% |
0.048 |
Oro Silver |
CAD 0.10 |
-89.5% |
233.3% |
0.002 |
CAD 0.24 |
-74.7% |
700.0% |
0.021 |
|
Silvercrest |
CAD 0.43 |
-70.7% |
126.3% |
0.016 |
Silver Eagle Mines |
CAD 0.11 |
-88.5% |
266.7% |
0.005 |
S American Silver |
CAD 0.21 |
-74.4% |
105.0% |
0.009 |
Southern Silver |
CAD 0.11 |
-70.7% |
340.0% |
0.004 |