Is Warren Buffet in the market for a silver mine? LINK
http://www.cnbc.com/id/41794346 I believe he is going to buy oil driller Helmerich & Payne, Inc. symbol (HP). But with all the speculation going on silver might be his play. PAAS or SLW look like good fits, imo. All JMHO
"In his annual letter to Berkshire Hathaway shareholders released this morning, Warren Buffett says more "major" acquisitions are needed to maintain growth in the company's non-insurance businesses at a "decent rate."
Buffett writes: "We will need both good performance from our current businesses and more major acquisitions. We're prepared. Our elephant gun has been reloaded, and my trigger finger is itchy."
At the end of 2010, Berkshire had a lot of ammunition for that elephant gun: $38 billion in cash."
END OF QUOTE FROM ARTICLE ---------------------- What are the likely targets in North and South American for such a purchase?
Also, PAAS was recently mentioned by both Jim Puplava and on Fast Money as a place to put some money to work. Puplava intervied the President of PAAS recently which is posted on his web site.
I think a silver mine in a safe jurisdiction, USA or Canada, would be one of the best investments for someone with the financial resources. These mining companies are producing silver at about $6.00/oz and selling it for $33.00/oz. Were do you get 500% profit these days? - and even more if silver goes to $50/oz as anticipated.
QUESTION: Has anyone given any guidance on where PAAS is going this year re: share price?