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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

Comment by ValueTraderVicon Jul 18, 2016 5:24pm
246 Views
Post# 25063126

RE:RE:RE:RE:Is XBR going to be the next Silver Wheaton ? Maybe

RE:RE:RE:RE:Is XBR going to be the next Silver Wheaton ? MaybeHi Tommy2tone.  I agree with you that a 15 times multiple is reasonable now.  The seniors in the streaming/royalty stock sector get higher multiples of course as their holdings are more vast and therefore less risk.  I've seen mulktiples as high as 40-50, which is a little excessive.  One thing no one can dispute is that even the smallest of royalty/streaming stocks is getting a multiple of at least 15.  All of these stocks have performed very well over time making small fortunes for shareholders.  Personally I think XBR offers the highest % upside now because it has the lowest price.  Most investors are just unaware of the company.  That's why it's still trading around 10 cents.  But that won't be for long.  XBR just announced today that they will be making presentations to wealthy investors in New York later this week in New York and then next week in Vancouver.  All it takes is for three or four such investors to realize that the stock is a steal at these prices and these guys will eat up the few shares that are available up to a quarter or so. 


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