Recent

% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

  • Logline Logline Nov 17, 2005 3:25 PM Flag

    SLW just recommended on CNBC

    Not kidding. The segment was on precious metals and SLW was touted as having the highest upward potential and limited down risk because we have no overhead. I wonder how many new investors this will bring?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Yeah, it was Frank Holmes. Oddly, he mispronounced it as Wheaton Silver, not Silver Wheaton.

    • http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=1606210339&tid=nxg&s
      id=1606210339&mid=29599


      Another 10 bagger

      Northgate Minerals trades under the symbol (CA:NGX: news, chart, profile) on the Toronto Stock Exchange and (NXG:
      Northgate Exploration Limited
      News, chart, profile
      Last: 1.44+0.08+5.88%

      3:50pm 11/17/2005

      Add to portfolio
      Analyst
      Create alertInsider
      Discuss
      FinancialsMore NXGNXG1.44, +0.08, +5.9%) on the American Stock Exchange. With a market cap of just $263 million, it's definitely small -- and this baby is a bargain.

      Golden bargain

      Have you seen the price of gold lately? How about the price of copper? Northgate (NXG:
      Northgate Exploration Limited
      News, chart, profile
      Last: 1.44+0.08+5.88%

      3:50pm 11/17/2005

      Add to portfolio
      Analyst
      Create alertInsider
      Discuss
      FinancialsMore NXGNXG1.44, +0.08, +5.9%) (CA:NGX: news, chart, profile) is heavily leveraged to both. It owns a big open-pit mine in north-Central British Columbia, Canada, where it produces 300,000 ounces of gold annually and more than 75 million pounds of copper. In the third quarter, NorthGate produced 75,665 ounces of gold at a cash cost of just $194 per ounce, generating $20 million in operating cash flow.

      Northgate is sitting on an estimated 4 million ounces of gold and about 1.5 billion pounds of copper. But those estimates are going up. Recent drilling in one of its mines discovered a new zone of copper and gold. It added to its reserves when, earlier this month, it completed the acquisition of Young-Davidson Mines, which has 1.5 million ounces of gold.

      By some measures, Northgate is downright cheap. It trades at only 1.5 times book value, half the industry average. It sells for 6 times cash flow, again, half the industry average. And analysts are raising earnings estimates.

      Not everything is rosy

      Earnings were flattened in the first quarter of this year, and revenue and earnings are still recovering. Northgate's mining costs rose along with the Canadian dollar. But the commodities boom is getting its second wind -- both gold and copper probably have plenty of upside. The company is reducing its hedge book (forward gold sales), and I think that's smart, too.

      This stock averages around 600,000 shares a day; plenty liquid for a small cap. I'd buy it with a limit order of U.S. $1.45 per share. My six-month price target is $2.25 -- a 69% rise from Tuesday's close. And if gold really breaks out to the upside, the stock could go much higher.

    • yes Log

      I saw that too.

      Guy claimed SLW was the "best" pure play on silver.

    • I heard it too. First time ever mentioned.

 
SLW
20.24-0.710(-3.39%)May 2 4:01 PMEDT