Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

SILVER WHEATON CORP. T.SLW

"Silver Wheaton is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. Currently, the company has long-term silver purchase contracts with more than a dozen mines. Silver Wheaton purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts."


TSX:SLW - Post by User

Bullboard Posts
Comment by bob4977on Feb 05, 2013 8:31pm
262 Views
Post# 20943510

RE: RE: RE: Silver Wheaton acquires gold streams f

RE: RE: RE: Silver Wheaton acquires gold streams f

I think this is a great deal. I have not done the math yet but I was told recently by SLW that they use $25 as the long term price of silver and make a healthy profit based on that figure. I am sure they are using a similar number for gold and their calculations are better than yours. Also, you make it sound like giving Vale warrants at $65 is a bad thing. That is nearly double today's price. If I get dividends in a company plus a doubling in value in 10 years I am quite happy. The scariest thing about this deal is that $1.9 billion is a lot of money and if the price of iron ore crashes there might be mine closures. The rest is great news and I am quite sure we will see a jump in price tomorrow.

Bob

Bullboard Posts