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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
Comment by maxncompanyon Mar 30, 2005 1:51pm
58 Views
Post# 8832613

RE: RE: can PAA make money with $10 buck silver

RE: RE: can PAA make money with $10 buck silverI don't know if PAAS will earn what you project for them. There is usually more involved than the so called "total cost". I do know this much....PAAS in 2004, when you take out a gain from the sale of a property and a write off of mining equipment.......had net earnings of a mere $1.6 million for the entire year. PAAS is supposed to be the leader, or at least one of the leaders of the silver sector, but they don't impress me. Luna's knowledge and contacts combined with Telfer's deal making ability give me confidence in SLW. SLW will not be standing still.
Bullboard Posts