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Bullboard - Stock Discussion Forum Silver Standard Resources Inc SSRI

"SSR Mining Inc is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects."

NDAQ:SSRI - Post Discussion

Silver Standard Resources Inc > Markets sometimes do not make sense
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Post by AngelEyes3 on Oct 06, 2013 10:10am

Markets sometimes do not make sense

The company has over 5 dollars cash per share yet the shares are trading now below 6. That means the market is giving a value of less than 1 dollar for all the mining properties they control and the current mine. Nuts is all I can say. If you believe that this market has not been manipulated by the PPT than you should not be investing. All markets today are manipulated esp gold and silver. It stinks
Comment by seanyboy on Oct 06, 2013 10:36pm
The share price doesn't seem so crazy to me - the main producing asset is marginally economic at these silver prices, and have a look at end note 4 buried at the back of the last presentation: PITARRILLANPV/ IRR: Net present value and internal rate of return assume a base case silver price of $30 per oz (Yr-3toYr-2), $27.50 (Yr-1toYr2) and $25 thereafter. Downside and spot price cases assume ...more  
Comment by RichyRich$ on Oct 06, 2013 10:37pm
What bearing does high debt play on cash reserves and capital. I heard SSO has a higher debt to equity ratio. Eg, if they sold off all equipment and with current cash, what would be left after paying off their debts? What would the share value be if they liquidated, Equipment & Assets + Cash - Debt ?
Comment by sonofcroy on Oct 06, 2013 11:23pm
share value would be 905 million almost twice the current value
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