Opinions
Peter Imhof
Orko Silver
OK-X
PAST TOP PICK
Dec 29, 2011
(A Top Pick Dec 22/10. Down 46.43%.) All the silver stocks are down over 50% this year. Have a joint venture with Pan American Silver (PAA-T). Still likes the story.
$1.450
Stock price when the opinion was issued
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TOP PICK
Very bullish on silver. A misunderstood story. Developing one of the biggest pure silver deposits in Mexico. 200 million market cap. In a joint venture with a $3 billion market cap company, Pan-American (PAA-T) who will fully fund the project into production with Orko retaining 45% of the economics.
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TOP PICK
Likes silver. Has a joint agreement with Pan American Silver on a 140 million ounce deposit in Mexico. Very good grades with over 200 grams per ton. They don’t have to pay any of the CapX and they get a 45% interest. They expect they can produce 10 million ounces and cash flow about $80 million.
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COMMENT
Silver. Broke down through a trend line earlier in the year and just recently broke down through the 125 day moving average, which doesn't look too hot. Looks like it is going to go back to the $1.10 range. Watch the volume and if you have a couple of days and it spiked down low and held there with a lot of volume, it could settle out at around $1.30.
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