adrian day comments on silver standard and esperanza silver:

At the recent gold show, Esperanza Silver Corp. (ESPZF.PK) had a new slogan, something like 'We went looking for silver, but we found gold.' That's been true on their two main properties—San Luis, which is a JV property in Peru with Silver Standard Resources Inc. (NASDAQ:SSRI), and also on their 100%-owned Jumil property in Mexico. They thought both of those were silver properties, but they turned out to be primarily gold.

The key to Esperanza in the near term is what Silver Standard is going to do on San Luis. They just released the feasibility study; it's a small project, but very simple with a very high return. Silver Standard owns 70% of the project and has various options. One is to keep it at 70% and Esperanza would have 30%; one is to raise it to 80% and carry Esperanza; and the other would be to negotiate to buy the entire property. That's where the value comes in and the potential move for Esperanza. Frankly, any one of those three would be a good result. Unfortunately, Silver Standard is not known to throw its money around; I suspect there will probably be some pretty hard negotiating. In the meantime, it's a good property, good balance sheet, people and assets.

http://seekingalpha.com/article/209771-adrian-day-likes-gold-bullion-royalties-and-juniors?source=yahoo