News By Tag
News By Location
Major Developments In Small Cap Silver Miners (SIL)
Jeb Handwerger, Editor of Goldstocktrades.com, signals that we may just be at the beginning of a major move in the junior silver miners. The majors are hungry for new silver deposits in mining friendly jurisdictions.
By: Gold Stock Trades
Jeb Handwerger, Editor of http://goldstocktrades.com has become interested in a previous silver producing mines right here in Nevada just about to break into all time highs. One company he has recently highlighted has seen a major increase in accumulation and investment interest and has more than doubled since initially highlighting the company. The small cap silver miner is permitting and intends to be producing silver at this project which was one of the largest silver mines in US history possibly within the next 18-24 months. The Silver Mine produced five million ounces of silver between 1987 and 1989 before Rio Tinto closed it down when silver prices went below $5. Now the ballgame has changed as silver may be on its way to test new highs at $50.
The company is now preparing an updated NI 43-101 Resource Estimate and a Preliminary Economic Assessment (PEA). Now silver is breaking above $30 and could move significantly higher over the near term possibly into new all time highs should QE3 be announced later this month. The higher prices has brought a lot of investment interest into this project and makes this project a potential cash cow with huge leverage to the price of silver.
Read the free report by clicking the following link.
and see recent interview on small cap silver miners by clicking below.