Great Panther Mining Ltd GPLDF

Gotta love these guys....

[whypromote]

see below - our price when initiating " coverage ". :)
Where were they when we were $.60? Rich Mills was indeed " ahead of the herd " at a buck and change!

Now? Stonecap is doubling down...:)

What does it mean? More eyeballs and add 10 cents and you have a cup of coffee.

GLTA

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"Great Panther provides investors with excellent exposure to silver. With a rapidly growing production profile and decreasing cost structure, we believe the shares will enjoy continued upward momentum during 2011. . .We believe that Guanajuato is a world-class silver camp as evidenced by its production of around one billion ozs of silver since it first began to be exploited over 400 years ago. We are initiating coverage with a $3.10 target price and an Outperform rating."

"Great Panther is on the path to increasing production at both of its operations over the next two years. Overall production is expected to increase from 2.3 Moz. silver equivalent (including gold, lead, and zinc and based on our metal price forecasts) in 2010 to approximately 3.8 Moz. in 2012. . .We are initiating coverage on Great Panther with a BUY rating. . .We expect future exploration success combined with an expansion in production over the next two years at its flagship Guanajuato Mine plus increased production from its Topia Mine to drive the company's share price higher."

"A new three-year organic growth strategy was implemented in 2010 with a target of reaching silver equivalent production of 3.8 Moz. at a total cash cost of US$4/oz, net of by-products in 2012 and building a resource base of at least 40 Moz. silver equivalent. Given the exploration success of the first year, the company recently announced that it increased its exploration budget for 2011 by more than twofold, to roughly 60,000 meters. . .Given the more than 30% return to our target price from current levels, our bullish outlook on precious metals, the company's strong liquidity position and attractive valuation, we are initiating coverage on Great Panther Silver with a BUY recommendation."

"Great Panther Silver has provided a new NI 43-101-compliant mineral resource/reserve estimate on the Cata Clavo, Los Pozos and Santa Margarita zones at the company's wholly owned Guanajuato Mine in Guanajuato, Mexico.

The new M&I mineral resource contains 5,450,000 oz. silver equivalent. Inferred mineral resources are estimated at 2,678,000 oz. Ag Eq. for a total of 8,128,000 ounces of silver equivalent. Assuming a mining rate of around 2 Moz. per year, this new resource supports a four-year mine life. . .M&I resources include 4,372,000 oz. Ag Eq. P&P, using a cut-off grade of 185 g/t Ag Eq. This is the first time that NI 43-101-compliant reserves have been estimated for the Guanajuato Mine and is a positive step in confirming the long-term viability of this historic operation.

The new resource base represents a 53% increase over the previous resource estimate of 5,032,000 Ag Eq. ounces even after deducting the production from that zone over the last year and a half. This demonstrates GPR's ability to not only replace what is being mined, but to increase the resource base and extend the mine life with additional drilling."

"GreatPanther is one of the fastest growing primary silverproducers in Mexico with strong leverage to future rises inthe price of silver. The centerpiece of the company'soperations is the world-class Guanajuato silver/gold mine inthe state of Guanajuato. GPR also owns and operates the Topiasilver/lead/zinc mine in Durango State. The company hasincreased production to a new all-time high and is growing the resourcebase through continued surface drilling and undergrounddevelopment.

Success atImplementation: In an industry where most mining projects take 10 ormore years to advance from discovery to commercial production,GPR has done an exceptional job of acquiring twopast-producing mines, rehabilitating them and getting theminto production in a very short period of time. Today, GreatPanther is profitable. . .its mines are 100% owned and fullypaid for. Additionally, GPR's $36M organic growth strategy iscurrently being funded out of cash flow. This authorbelieves the benefits of today's capex will become apparent in the 2011and 2012 production numbers." View Entire Article