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Message: the silver bulls are back

the silver bulls are back

posted on Jan 11, 2009 05:52PM

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

Fresnillo

GBP 2.50

-56.6%

168.3%

2.701

Silver Wheaton

USD 5.71

-70.8%

127.5%

1.436

Pan American Silver

USD 16.35

-62.9%

83.1%

1.321

Hochschild Mining

GBP 1.30

-72.3%

100.4%

0.604

Silver Standard

USD 16.38

-58.5%

206.2%

1.027

Coeur d'Alene

USD 0.95

-81.7%

163.9%

0.524

Hecla Mining

USD 2.58

-80.4%

160.6%

0.464

Volcan

EUR 2.43

-83.4%

10.5%

0.277

Silvercorp

CAD 2.44

-77.1%

105.0%

0.307

ECU Silver

CAD 0.86

-63.6%

62.3%

0.173

Apex Silver

USD 0.70

-95.7%

55.6%

0.041

First Majestic

CAD 2.57

-55.3%

195.4%

0.158

Silverstone

CAD 0.79

-78.1%

129.0%

0.081

S. Métallurgique d'Imiter

MAD 324.00

-55.3%

4.2%

0.645

Endeavour Silver

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







Abcourt Mines

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

MAG Silver

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

San Anton Resources

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


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