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SILVER WHEATON CORP. T.SLW

"Silver Wheaton is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. Currently, the company has long-term silver purchase contracts with more than a dozen mines. Silver Wheaton purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts."


TSX:SLW - Post by User

Bullboard Posts
Post by commodity16on May 30, 2013 6:24pm
289 Views
Post# 21463399

could gold stocks finally be recovering?

could gold stocks finally be recovering?

Could the bottom finally be in for the precious metals stocks? SLW has unjustly been sold off the last yr or so with the rest of the miners...being a streamer it should have never taken the hit with most of its silver costs fixed at only just over $4. Then the recent hit by the Barrick gongshow....which will inevitabely go ahead when ABX has that much money already into it, they aren't about to walk away from one of  the biggest, lowest cost gold mines in the world. Only a matter of time before Silverwheaton is on past $40 again and heading towards the long term $100 mark, especially when the price of gold wakes up and soars to $2000 and silver is back up to $50 range. SLW is set up for success, and I would bet with this new bank deal Smallwood has another deal up his sleave....

Bullboard Posts