You better hope that mine has A LOT more silver and that management is good at acquisitions. Current resource estimates (40M?) don't justify a 550M market cap. Many of the juniors that are actually doing even one ounce of production have gotten overbought.
Take a look at MMG . 130M to 170M inferred , open-pit mineable, with 5B zinc on top of that. Just had a management change. This one is ready to double.
I don't hate GPL. I'm just pointing out that my due diligence has shown that GPL is overpriced relative to it's peers - not just a little bit, but a lot.
They really don't have that much in the way of resources, and when you crunch the numbers and go through their resource estimates - you get a much better feel for valuation levels.
GPL has well organized spammers pumping GPL on every Yahoo silver or mining board. They only repeat that silver is going up. We know silver is going up and SLW is a better play than GPL. Nothing is driving GPL's price but the spammers pumping. It will drop like a rock when it comes time for the dump.
gotta like this little thing, great interview with the CEO the other day, silver prices will only go up, as the amount of available silver can only be denied and played with so long before the basic reality of supply and demand catch up
have a great weekend too
I bought it at $2 am long.
Long SNDXF also it is a gold streamer and the EX CFO of SLW runs SNDXF. It just started last April and is runing up just like GPL. Its a PK stock right now but as soon as it get over $1.5 is will list just like GPL.