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Silvercorp Metals Inc. T.SVM

Alternate Symbol(s):  SVM

Silvercorp is a Canadian mining company producing silver, gold, lead, and zinc with a long history of profitability and growth potential. The Company’s strategy is to create shareholder value by 1) focusing on generating free cashflow from long life mines; 2) organic growth through extensive drilling for discovery; 3) equity investments in potential world class opportunities; 4) ongoing merger and acquisition efforts to unlock value; and 5) long term commitment to responsible mining and ESG.


TSX:SVM - Post by User

Bullboard Posts
Comment by BNPUNon Nov 17, 2007 3:25am
259 Views
Post# 13823579

RE: what to do with all that cash

RE: what to do with all that cashWhy not use the money to stockpile gold and silver somewhere (in a vault in Canada perhaps)? That way, our cash hoard will just keep getting bigger and bigger as the value of the PM's goes up. In no time that 90 million or whatever it is right now will soon be $180 million. Eventually our cash and cash equivalents (ie. gold and silver) will be worth more than the market cap of our shares (as it stands today). People with a brain will pay up big time based on our growth rate as well as our "cash on hand". So there's your solution. Buy everything that we mine! Buy our own products! Not such a crazy concept when you think about it!
Bullboard Posts