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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
Post by goldnsilon Oct 01, 2008 10:22am
254 Views
Post# 15496553

Paper silver and gold (price supression)

Paper silver and gold (price supression)vs. the physical stuff (real stuff you can hold and enjoy). The US mint is selling silver Eagles for $26 US vs a silver
price of approx. 12.43 oz. for a 109% markup! The 1 oz. gold Eagle is seling for $1120 $US vs a gold price of aprox.
880.20 for a 27% markup. The US Mint has to make a profit for manufacturing and distribution but these are
great markups! Funny thing to is that I read they have to buy on the open market to compete with other buyers on the market so I imagine that they have to pay a decent premium over spot. Maybe they should buy all the gold and silver
on the Crimex-if the supply is really there and really send these PM prices into the statsphere. 2+2 equals 4 but not
in the PM prices.
Bullboard Posts