NYSEAM:SVLC - Post by User
Comment by
ch08532on Nov 08, 2013 9:07am
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Post# 21887976
RE:Significant growth over next 4 years
RE:Significant growth over next 4 yearsI personally don't look at copper as a downside risk. Actually, it's more of a benefit for them going forward now that the new proposed tax laws include royalties on Gold, Silver and Platinum. Copper wouldn't be subjected to the royalty. I don't see much downside risk in Copper demand...copper is hovering above it's 10 year low and demand from China and other nations will still be there. So basically the downward risk isn't as great as analysts are predicting. Also, we cannot discount the Tungsten at La Joya. If the tungsten is easily mineable and there's plenty of it (as predicted) that alone would cover the cap ex cost of the mine.
This stock is a 3 bagger at these levels BUT is a takeover target at these levels. Don't think we'll be 3 bagg'n it on a takeover offer. Maybe 50% premium on the current stock price.
Nonetheless, I still believe in the company and still holding a sizeable position. No reason to sell at this point IMO.