RE: Break out in Silver SST on snooze...Jims101,
As of 11:30 EST Sept 20, both stocks are up about 5%, so even today's performance hasn't been that different between SLW and SST. Besides that, SST jumped from $1.79 to $2.30 - about 28% only a couple of days ago, so it has the "right" to consolidate its gains before moving higher.
You seemed unsure why any company would sell silver at $4.00 when silver is selling at over $13. If you are really concerned about that, why did you buy SST stock today? Anyway, the answer is that already two companies have arranged silver streams with Silverstone, so there is precident. Each company got cash, shares, and warrants up front, so they are paid more for their silver than just $4.00, and they are paid up-front (except for the $4.00 part). I am waiting for a third company to do a deal with Silverstone. It cannot be that far away.
tooclassy