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Silvercorp Metals Inc. Message Board

  • ich1banf40 ich1banf40 Apr 24, 2013 10:51 PM Flag

    BMO confirms SVM as 'Reiterated' Market Perform

    BMO Capital Markets issued a Market Perform for SVM on April 15, 2013, after the crash in silver prices and gives a price guidance of $6.50-$4.75 a share.

    This is a great opportunity to load up at the bottom.

    Sentiment: Strong Buy

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    • If no one can predict silve price, then no one can can predict svm's stock price. all of those price targets are nonsence.

    • even the most foolish people like me knows that svm's share price is linked with silver price. At what silver price they come up with that target price range? it is also possible that silve price keeps falling to $20, $15 ----. At that silver price, what would be the stock price?

      • 1 Reply to fasebyao
      • Yes, but fasebyao I have been warning everyone that if silver dropped below 25$ it was game over for the shorts...... sorry to say it but you should cover, because silver is absolutely unsustainable at this price for most junior miners. There will be a large forecasted supply coming off the market and silver will again shoot to its all time nominal high over the rest of the year.

        April was indeed the turning month. Keep in mind that BMO forecasts silver to be higher. I think the average silver forecast price is somewhere between 35$ and 42$.

        Sentiment: Strong Buy