david morgan thinks there won't be another silver standard for a while. so it's a good thing we have the original:

DC: What do you need to see in order to move a company from story to real?

DM: You need to see the story coming true according to plan. There’s a sweet spot to buy a stock and it’s always higher than where it was when it started. When a company is just an idea or a great story, that’s usually as cheap as it’s going to get. Very few great stories come true, but if it begins to come true, the market will bid it up. But it can still be undervalued. And once you know a lot about it, let’s say 80% comes true and the other 20% is coming, there’s a point where there’s enough volume and news and knowns-versus-unknowns that you can buy the stock pretty safely and still see a lot of upside. I’d rather buy a $2 stock that goes to $8 in a year than a stock at 12-cents that takes ten years to go to $8.

We had Silver Standard (SSRI), for instance, at 65 cents. I was one of the first other than Adrian Day to recommend it, but [later on] you could buy that stock at $5 and still have a lot of upside. They kept adding shares but at the same time they were adding more silver ounces per share. So there’s your sweet spot: For a while you could buy something that was getting more undervalued the more shares they issued.

DC: So who are the next Silver Standards out there?

DM: I don’t think there will be another Silver Standard for a while but I’ll give you a conservative pick. Energold (EGD.V) is a drilling company with a unique drill that’s used all over the world. It’s a very efficiently run company, with management that’s excellent. The sweetener on this one is that it owns a pretty good percentage of Impact Silver (IPT.V). They’re mining silver at a profit, a small operation with lots of growth potential. So you’ve got an operating company with solid contracts and a pretty good slice of Impact Silver. This is as solid a speculation as any on our list.

One of my earliest recommendations is Mines Management (MGN). I know the management quite well. It’s developing a huge property, over a billion pounds of copper and a quarter million ounces of silver in Montana. It’s not a super-rich project. It’s been advanced substantially over the last several years but they’re not mining yet. If something happens in the future they don’t have a fallback position, so this adds to the risk. However, it’s so undervalued that it’s a reasonable speculation. If you put this on a graph of ounces in the ground per dollar invested it’s well undervalued relative to its peers. I own shares of both Energold and Mines Management.

http://www.dollarcollapse.com/iNP/view.asp?ID=106