NYSEAM:SVLC - Post by User
Post by
dinesguyon Mar 25, 2008 2:06pm
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Post# 14833152
Near Term Producer
Near Term ProducerRememeber, Silvercrest will be producing next year at approx 2500 tons per day at Santa Elena which will generate alot of cashflow and shareholder upside. Many companies are going to go under because they are nowhere near production or in production. Moose pasture is a good word as some like to call it. If silver targets $30 dollars by the end of 2008, then Silvercrest will be wildly profitable at a cost of $7 per oz. Even at $20 dollar silver, they will be reaping in profits. I understand that there are more drill holes pending which could be out later this week or early next week.
Excellent buy at this price before it starts trading above $1.50 in the near term.