SVM is hot... I looked at it and bought HL instead. HL is solid. I am keeping SVM on my radar though.
My hesitation was due to the fact that all of their mines are in China and they are a North American based company. It is difficult doing business in China if you are not a Chinese company. Also like REM's the Chinese could control exports.
"It is difficult doing business in China if you are not a Chinese company."
This may be true generally, but not for SVM.
1. SVM started mining in 2003. Since then, there is no evidence of the gov. or anyone making it difficult for SVM.
The opposite is true if you look at the growth rate. China's 1997 Mineral Resource Law was adopted specifically to enable foreign mining companies to explore and mine in the country -- inviting in the advanced exploration technology, expertise and funding China needed to truly develop its resources.
2. SVM isn't a bunch of suspicious white guys poking around in China, it's run by a combo of Chinese geologists and managers and white dudes. Substantially all employees are Chinese.