RE:Here is the URL for Seeking Alpha article...Thanks for posting benduck.
I just wanted to highlight some key points made by the analyst:
Conclusion - SilverCrest is a Buy and Best of the Bunch
- With a P/E of about 7, they are undervalued at the current stock price, even with silver at $22 and gold at $1250.
- The company has one of the best balance sheets of any silver miner of its size.
- Huge upside potential remains at both Santa Elena, an already profitable mine, and La Joya, which could be a "company-maker."
- Even with silver at three-year lows of $22 an ounce, SilverCrest is profitable, recording .04 EPS last quarter.
- SilverCrest has outperformed its peers in 2013 and should continue to do so going forward, due to its profitability, balance sheet, production upside potential, third-party validation by Sandstorm Gold, etc.
I've been following this company since early 2013 and will continue to do so. I plan on purchasing shares sometime next month and throughout 2013/14. Follow me here on Seeking Alpha for future articles on SilverCrest and other silver miners.