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ProShares Short SmallCap600 T.SBB


Primary Symbol: SBB

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600 Index. The fund invests in financial instruments that ProShare Advisors believes, in combination, should produce daily returns consistent with the funds investment objective. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.


ARCA:SBB - Post by User

Bullboard Posts
Comment by JoeBloon Nov 29, 2010 1:09am
459 Views
Post# 17769111

RE: Silver Buyout Price?

RE: Silver Buyout Price?I would say any buy-out price would be based on the profitability potential of an asset.  The cost to process 1 ton of ore is approximately constant, regardless of the amount of metal in the ore.  So high grade deposits sell for more per ounce of ore than lower grade deposits.  And much of SBB's silver ore has some real exceptional grades.  Also, the cost of getting the ore is a factor (i.e., open pit versus below ground).  Finally, the location.  This plays an important role in the overall economics of a mine.  For now, this is not a positive for SBB as there is no infrastructure to rely on for their properties.  Although, there is a slowly growing number of mines in the region.  But, Nova Gold has moved forward with mining what I understand is very tough ore to process, and in a remote area possibly worse than SBB's, so the technical issues can be overcome.   As for a buyout, I am skeptical this will happen with SBB.  By the time the economics are overwhelming easy to commit to development (such as what the ultra low risk majors seek), the cost of doing a buyout will become overwhelmingly prohibitive.  But I see this as a positive.  If SBB develops their own property, the share price will only rise higher.
Bullboard Posts