RE: What A CrockDude ...just for the record ...i know our man Brieger mumbles a bit...but he predicited $2.50-$3.50 w/in next year or two on SPM.
His calculations were based low metal price forecasts...which is obviously not now the case. He see's SPM earning 25cents per share cash flow this year....increasing to 35cents the following year...and based on a 10X projected multiple...which would seem reasonable...he gets $2.50-$3.50 1 to 2 years out.
Still with me?...good. Yes ...silver is "hotter than a 3 peckered toad" and has in fact recently significantly outperformed gold...but...as SPM has only recently transitioned from an exploration company into a 1st stage silver producer....don't you think it's reasonable we give them at least a quarter or 3 to continue to ramp up production and realize the windfall from recent skyrocketing silver prices??...or am i just being unreasonable here???
And finally... you have to admit our SPM has had a pretty good run in last sev wks from the mid 60's to low 90's... and she ceratinly looks as if she's just a hair away from testing the April highs ....and if she does manage to blow thow them....which certainly seems doable given silver prices, production and momentum...think we could all be smilin:)
I'm no techincal expert....but i certainly like what i see with the SPM charts....and combined her low p/e ratio and some solid fundamentals...i like this play...allot! And if you disagaree...well...you need to sell her now and go elsewhere...or maybe short her...unless that's what you've already done...hence all the negavity and dis-information:)
Happy capitalism...and GLTA longs!