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Impact Silver Corp V.IPT

Alternate Symbol(s):  ISVLF

IMPACT Silver Corp. is a mineral producer and explorer with mining projects in Mexico. It is engaged in silver, zinc and lead mining and related activities, including exploration, development and mineral processing in Mexico. Its operations include Royal Mines of Zacualpan Silver-Gold District and Plomosas Zinc-Lead-Silver District. It owns 100% of the 211 square kilometers (km2) Zacualpan project in central Mexico where four underground silver mines and one open pit mine feed the central 500 tpd Guadalupe processing plant. To the south, the Capire Project includes a 200 tpd processing pilot plant adjacent to an open pit silver mine with an NI43-101 inferred mineral resource of over 4.5 million oz silver, 48 million lbs zinc and 21 million lbs lead. Plomosas is a high-grade zinc producer in northern Mexico with exceptional exploration upside potential. It is producing mines are the Guadalupe Mine, the Veta Negra Open Pit Mine, the San Ramon Deeps Mine, and the Cuchara Mine.


TSXV:IPT - Post by User

Bullboard Posts
Post by beelzeebuub1on Jan 28, 2011 3:04am
743 Views
Post# 18038956

Volatility...

Volatility...

Believers in silver, I ensure I give at least equal weighting to bullion and bullion shares of gold and silver
mining stocks when it comes to portfolio.  With a mid and long term orientation, this time right now may, in hindsight, prove to be one of the best buying points in 2011.   That may be a stretch but I say that the physical market
will rule the share price of producers such as Impact.  I heard Eric Sprott's presentation in Vancouver where silver
headlined as "the investment of the decade".   I don't worry too much about price fluctuations of a dollar or two an ounce each day.   There are always going to be day traders playing this kind of stock..  The point is to scale into physical and shares during these price corrections.  I buy into the correction on serious down days and sometimes on the open the next day if the price is a bit lower the the previous close.  The historical ratio of Ag:Au is 16:1 but is currently 49.   If gold hits $2100 by sometime this April (a figure given by a Vancouver based chartist referenced by Mr Sprott, that would put silver at $42.80 up to $131.25 using ratios of 49 and 16 respectively at $2100 gold...by April!
Where this would put the sp of IMPACT is beyond me but I'd say north of 2 bucks a share..
I asked Eric about the time it took for the physical silver to be delivered to the Royal Canadian Mint who holds/is custodian of the physical silver owned by the fund.  I think this puppy is RRSP eligible but I am not a paid tout
and you had better check with them yourselves.   Eric only answered me with a smile and that was the moment
before he took to the stage in front of what must have been at least a thousand people from all walks of life.

Can't wait for the resource definition... See if they time the press release ..
Bullboard Posts