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Pan American Silver Corp. Message Board

  • pm_guru_1 pm_guru_1 Sep 8, 2013 2:54 PM Flag

    I remember when Minefinders alone had a market cap this size

    Dolores isn't worth $1.8B anymore, but it's still worth a pretty penny and you'd think with all the other silver assets that it's pretty durn cheap with such a large cash balance and pristine balance sheet. Things will look a lot different when silver has a $3# handle again, which could happen in a short time frame. If silver pulls back a few dollars in order to retest it might be a fantastic time to fill a low priced order. There is zero chance of $18-25US being the long term price for silver. PAAS really did it's investors a favor paying a dividend that actually makes it worthwhile to hold the stock. There's a company I like operating in Mexico and with a new silver mine coming online in Texas that has been beaten down 75-90% that I think PAAS should buy and get near term 5-6M oz bump in silver production. They could do a cash deal with no dilution. It would really push PAAS beyond CDE and AG who are nipping at PAAS heels on the production side. PAAS is really cheap. If Tahoe were smart, they'd leverage that huge market cap and buy PAAS with stock and pay a decent premium. They'd instantly be 50M+ oz silver senior. Even though PAAS mines are higher cost, the blended average cash cost for the company would still be in or near the bottom quartile I would think. PAAS has a LOT of cash. Do something. Don't just sit it out and wait while the market has mad A LONG TERM BOTTOM. Buy low. Not at market tops, as so many majors have learned the hard way. This logic applies to individual investors as well. LOL

    Sentiment: Strong Buy

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