Stockchase Opinions

Peter Grandich Coeur D'alene Mines CDE-N BUY Jan 28, 2005

Feels that gold will go up and silver will follow. This company is good. Also likes Silver Standard (SSO-T).
$3.540

Stock price when the opinion was issued

precious metals
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HOLD
A silver stock. The assets are mediocre and there's a lot better value elsewhere in the silver sector.
BUY
A great silver play.
HOLD
Likes gold and silver longer term. Owns the silver iShares (SLV-A) and complements this holding with stocks like Coeur D'alene (CDE-N) and Scorpio Mining (SPM-X).
COMMENT
In the mining sector you want to know what mines are being brought on line. Be he doesn’t know this company right now.
DON'T BUY
Under performs the commodity early in the winter. Silver stocks have corrected significantly. He prefers Silver Wheaton. Can’t find many precious metals he would own.
TOP PICK
Have gone from about 10 million ounces 5 years ago to 20 million and will make about 500 million EBITDA this year. Trading at about 4-5 times EBITDA. Cheap. Expecting a dividend next year.
TOP PICK
Primarily a silver producer and one of the largest on the planet. Doing 19 million ounces right now. Also do 220 thousand ounces of gold. Trading at about 6X next year’s earnings. Have been on a major build out over the last 5 years. Dirt cheap.
PAST TOP PICK

(A Top Pick Nov 1/11. Up 20.21%.) Loves this one and would be happy to put it up amongst the Top Picks.

COMMENT

The best time to own silver stocks is from January to March however, November can be fairly decent. This stock has recently broken through a level which is fairly positive. The next resistance level is $37.10.

PAST TOP PICK

(A Top Pick May 24/12. Up 42.03%.) People still think of silver as an industrial metal but he believes it is money. In the weakness of the US, European, China slowdowns it got a bad sentiment holding it back. With China slowly ramping back up and US, hopefully, not hobbled by changes in policy, the economy should actually start to move forward and silver should do very well this year.