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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 sumeti_not_comon Mar 22, 2007 1:57pm
219 Views
Post# 12469583

RE: WTF!

RE: WTF!I'd say Telfer was wrong when he said last fall the the market needed more SLW shares (especially selling them to GMP). He cost GG shareholders almost $2 bucks share on their 49% position of all slw shares. He sure didn't help me any either. I'm looking at other things (natural gas)but selling into weakness is a mistake and chasing Silver Standard or the other silvers has never paid off for me. I thought about selling some slw and and front running Mag Silver's resource estimate due out but typically doing this type of c hit never pays off for me in the long run. I still think you should be over weight silver shares versus gold shares. The only gold stock I bought this year was McEwns UXG and after tommorrow the share tendering of the other companies should be over and he'll being going full throttle with that $60-$70 mil exploration budget and 8-10 drill rigs on the Cortez Trend.
Bullboard Posts