Using the "E" Word with Silver Standard -- Whoa Bessy!The “E” Word
Rarely, if ever, for fear of appearing naive or having my neck chopped off, will i use the “E” word, but in my view
Silver Standard Resources (NASDAQ: SSRI) is an easy 50% gain from here.
Below, in all its simplistic glory is how i arrive at a $655M valuation or $8.11 per share for Silver Standard Resources.
a) $200M cash
b) approx $85M worth of Pretium Resources (NYSE: PVG)
c) $275M Marigold mine Nevada
d) $95M Pirquitas mine Argentina
Link to short report explaining how i arrived at the numbers above. Plus! a short outline on why you must be contrary to win consistently with commodity stocks.