at the most.
These PE's shouldn't be anywhere near this high.
That's how meaningless this market has become.
Now you can put your pom poms down because the reverse starts tomorrow.
so I think $100.00 per share would be in order. CDE could also be the top silver producer at that time.
In fact most miners are in the red in that time frame, some as much as 10%.
Should be smooth sailing up from here.
Just way undervalued for what's coming for silver.
This isn't like coming out of some garden variety recession. The world went 35 trillion in to debt since the "crisis". If a snake swallowed something that big it would die before it was digested.
But silver is a finite precious metal and low prices are unsustainable under this kind of physical demand. India alone has already imported 38% of a whole years worth of gold production in just the first quarter.
that's 3 times more than other miners and infinitely more than the actual metal which is down 2% in that time. The action in miners does portend to higher silver prices ahead.
That will make for a 7.00% increase in total revenue. It's good they found it now while prices are down and it should make a huge impact when they go up.
reasonable to assume 50% of a whole years worth of gold production has been bought up in just one quarter.
They already shut them down hahaha
If you multiply that by 4 quarters then India alone would buy 160% of one years worth of global gold production.
India alone has already consumed 38% of a full year of global gold production, 31% higher than they bought last year at this time.
I would assume all other gold purchased has pushed that to over 50% just past the first quarter.. From where gold was last year at this time it would make sense for gold to hit $1500 and silver 25-30.
Silver should have it's best year ever because bi-product mining production has to shrink dramatically because of supply gluts due to cheap money.