RE: USA's postion on the silver price teetertotter I think this approach is a bit too narrow. Doesn't it stand to reason that a more profitable co. would have a higher shareprice/ounce? Some narrow vein silver miners only ever have 2-3 years of production life at any given time - so using this metric would skew the true value. Also, look @ SSO - these guys have a lot of difficulty these days turning a profit - high input costs etc., so naturally are discounted in SP - and therefore, discounted on ounces/mc. Silvercrest too - top notch management - consistently perform and market rewards SP for this - so, mc/ounces looks high. SPM had major resource issues/operational hiccups etc. so SP gets creamed - according to these metrics, very undervalued - which I agree, but more so b/c they are turning things around. Ounces in the ground count for something for sure - but not everything IMO. If you can't profitably exploit your resource, what's the point of have a resource????
Anyways, thanks for the link - interesting nonetheless.