SilverCrest Mines Inc SVLC

Another look at #'s

[thebeek02]

0.10 earnings per qtr. is closer to present par (at $1500 and $28 / respective oz).  Based on present reserves, production, and mineral prices we could presently see $3.50 - 4.00.  P.E. is generally proportional to reserves, and with elenas mine life a 9 P.E. is reasonable.

They are low cost producers which means their earnings will increase fairly poportionally to price of metals. At $2000 and $40/ ozs., earnings will increase to
.16 / qtr. X 4 qtrs. =
.64 X10 = sp of $6-7/sh.  Before doubling production. Doubling would raise sp to $10 - 15+ / share +/- increase in metals.

If silver goes to $100 and gold $2200, look out for $30 sp. as that's what I'm talking about, with a buyout to pockets deep enough to pit La Jolla.

The real upside to the 9:1 P.E. is La Jolla's reserves as we'll learn with next updates (before november in CA.)

[KevinF2848]

Your analysis is about what mine is.  We certainly cannot expect a PE of 35.  I am in this stock because I see management that has performed, doubling of the existing mine in a few years, and the potential of a great new mine.  I am also in this company because I believe that the price of silver will not be at this level when they double their production.  If all goes as