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Endeavour Silver Corp. Message Board

  • beastinem beastinem Apr 22, 2013 10:16 AM Flag

    Same old thing

    Another day of silver being beat down right before the opening bell. Just look at that chart. It makes me so mad! Silver was climbing high for hours in pre-market. Ugh!

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    • I empathize with you Beast. I also suffer from EXK exhaustion but I just can't let go (due to fundamentals). I'm not going to Dubai to lift my spirits. I think I'll just go catch that new flick, "Oblivion" instead. Ha ha

    • Beastinem- I know from your previous posts that you're into this company big time and appear determined to remain committed , whatever it takes. With this in mind, why drive yourself crazy with the game playing that goes on daily? At some point in time the value being created by the company will be properly reflected in the share price. The company is doing a great job, increasing production while reducing costs wherever possible. Take note of the improvement in metallurgical recoveries from Q4 2012 to Q1 2013. A substantial increase that will bring down costs. Also, Bolanitos has developed into the centerpiece asset with even more potential for growth. During 2012, production cost for Bolanitos was negative $5.25 while costs for El Cubo were $35 plus. Management is on record as stating that their expectation is that El Cubo production and costs will be very similar to Bolanitos within six to eight quarters from the purchase date. Think of the positive impact that that will have on earnings. None of this is reflected in todays share price. One problem that is negatively affecting metal prices is the strength of the dollar. Despite Bernanke's attempt to lower the value, other countries are devaluing at a faster pace thus we're losing the race to debase.

      Sentiment: Strong Buy

      • 2 Replies to tthemainman38
      • Accurate posting mainman. I would only add San Sebastian. The 2013 exploration program is planned to include 40 surface diamond drill holes to delineate resources on the Terronera vein. In 2014-15, I expect that this will become another centerpiece. I'm not invested here just for El Cubo or Bolanitos, as I'm really invested because of the TR vein system. Historical data and now new technology heat mapping so bright that it will hurt your eyes. Some geo guys take Bolanitos and Terronera and sister veins over El Cubo in geology reports. The truth is no one knows for sure on deep veins under that hill at El Cubo. El Cubo will pay it's way, but Terronera will someday turn out to be their star player or producer.

      • You're right mainman. I tell myself all the time that I need to just stop watching the market for a few weeks/months. It's just hard, lol. Actually, the last time I was actually able to ignore the market was last time I went on vacation to Dubai. I went about 2 weeks without checking and once I had logged in to check it, we were way up and crossed $10/sh. Maybe I should try it again and see what happens :)

        Good post btw.

2.63-0.17(-6.07%)Jan 29 4:03 PMEST

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