The more I look at paas, I believe it's undervalued. It has a PE of 7 - SLW is 19.It got approval to use sodium cyanide at it's mine in Argentina last Friday which was a huge plus. Even if we all don't get the cash option, we still may do okay, especially if silver goes up or at least stays above $28.
I respectfully disagree that Pan American is undervalued. Pan American has parallels to MFN. Management issues have caused the PPS to be kept lower due to risks that they bring. (There are other factors too, but management is part of the problem) Clearly Pan American is less risky in some ways because they have more mines in multiple countries. On the other side, the countries that Pan American are in are extremely risky due to possible government takeover and other political issues that come with them.
The dice for the Navidad mine is currently in the air. How they will come down is anyones guess. Open pit mining in the region where Patagonia is located is currenlty banned from a Yamana mine from about 10 years ago. Can Pan American get the regulation changed? Hard to say, but I'm skeptical.
Yes PAAS looks very undervalued if Navidad can be developed (they got green light for another project, in different province) and Argentina doesn't go Chavez way. Do these two Ifs make one Yes? It's difficult to say, imho.
Hey warmcrap remember me? I offered to bet you an ounce of gold several years ago that GORO would outperform this turd. Good to see you haven't learned. This turd is being sold for $2 more than it was in 2008 while GORO has gone from 6 to 24 and pays a 2.5% dividend.You are a genius- but not with my money Keep up the crap TBMSSZ