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Silver Dragon Resources Inc SDRG

"Silver Dragon Resources Inc is a mining and metals company focused on the acquisition, exploration, development, and operation of silver mines in proven silver districts globally. It is a mineral exploration company engaged in six properties located in the Erbahuo Silver District in Northern China namely, the Dadi, Laopandao, Aobaotugounao, Shididonggou, Yuanlinzi and Zhuanxinhu properties."


GREY:SDRG - Post by User

Bullboard Posts
Comment by yoyoyo9992on Oct 16, 2007 1:12pm
155 Views
Post# 13580568

RE: 144

RE: 144Geez, EVERY company talks in terms of equivalents. Somehow this is an SDRG problem. You have to pick one, and by the way 70% of all silver mined on earth is by-product of other metals. That is why it is so "precious"; it is very hard to find in big quantities on its own. Plus, if you haven't noticed base metal stocks are completely unaffected by the malaise of the PM market, even if they have the same breakdown of metals. Investors have been so sick of the "volatility" (read manipulation) of silver and gold, that anything associated with gold and silver have been shunned. What should matter is that the company has massive resources worth billions at current prices, and diversified nicely between silver, zinc, lead, copper, tin, and even a tad of gold. Using equivalents only makes it EASIER to interpret, as one can ascertain the overall value. Trust me, you do not want to try to read a resource statement with no equivalents included. It would take hours to get a clue what the properties are worth.
Bullboard Posts