Knowing how you like precious metals (me, too) for the current troubled times, do note that Casey Research suggests this silver mining company - Silver Standard Resources Inc. (USA) SSRI / Silver Standard Resources Inc. SSO
Silver Standard has discovered 1.8 billion ounces of silver, along with 23 million ounces of gold.
Will need a geologist to confirm if the above statement is true or not. But, if there is a steep stock market cliff fall coming up, they target buying below US$17.00. Below US $15.00, much more buying. I am currently sitting on the sidelines until it happens.
From Google Finance
Silver Standard Resources Inc (Consolidated Issue listed on NASDAQ Global Market)
sector: Basic Materials . industry: Precious Metals & Minerals • View SSRI on other exchanges
As of 12:37pm EDTJuly 20, 2009
20.04USD
Silver Standard Resources Inc. is a development stage company which is focused on the acquisition, exploration and development of silver projects. The Company has a portfolio of silver-projects, which are located in seven countries in the Americas and Australia. The Company is focused on advancing five principal project, the Pirquitas project, the San Luis project, the Pitarrilla project, the Diablillos project and the Snowfield project, to commercial production. As of December 31, 2008, the Company is completing the construction of its Pirquitas property located in the province of Jujuy in northwest Argentina. In July 2008, the Company closed the sale of the Shafter Silver project in Presidion County, Texas to Aurcana Corporation (Aurcana).
In May 2008, the Company updated the probable silver reserves at Pirquitas, with silver reserves increasing by 43%. Based on the increased reserves, Pirquitas mine life has been extended to 14.5 years. The Company also has San Luis Joint Venture project in Peru. Infill diamond drilling on the project’s Ayelen Vein was completed in the year 2007. During the year ended December 31, 2008, a 6,600 meter diamond drilling program was completed, which tested a number of targets on this property package. The Company holds a 55% interest in the San Luis project.
The Company completed an 11,000 meter diamond drill program on Diablillos property. The objective of this program was to define the inferred resource of 93.8 million ounces of silver resources and 815,000 ounces of gold resources. In February 2009, the Company reported a five-fold gold resources at the wholly-owned Snowfield project in northern British Columbia, Canada. A geological review is under taken to assess the potential for expanding the mineralization at Snowfield and the adjacent Sulphurets project held by Silver Standard. The Compnay’s San Agustin property is located 85 kilometers north of Durango City in Durango, Mexico.
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