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Mid-Tier Silver Producer Report June 2010 PDF

June 18th, 2010

Over at Metal Augmentor we recently prepared an updated mid-tier silver producer report in PDF format. Here it is: Mid-Tier Silver Producer Report June 2010 PDF.

We reach basically the same conclusion as in our initial reports — Fortuna Silver and First Majestic get top honors although there is a case to be made for Silver Standard and several of the other companies depending on what you are looking for in a silver producer other than fundamental value. I will note that yesterday Fortuna and First Majestic were top performers among the silver producers along with U.S. Silver, which our report identified as having the greatest leverage to higher silver prices. Coincidence? I think not.

Our report is unlike anything else out there since it is comparative and allows silver investors to analyze a number of different fundamental and valuation measures on a head-to-head basis. Even a venerable and respected analysis such as John Doody’s Gold Stock Analyst looks like doodling with crayons compared to our effort. Previously we published a mid-tier gold report that identified New Gold as an undervalued standout. The company’s chart over the past six months tells the story: our approach works.

Soon we are going to be adding several smaller juniors (Great Panther, Excellon, Impact, Aurcana, etc.) as well as some larger companies (Fresnillo, Silver Wheaton) in an updated silver producer report that will be available to Metal Augmentor subscribers. We are also in the process of updating the mid-tier gold producer report as well as preparing a junior gold producer report over the next few weeks. These reports alone are easily worth ten times more than the measly $107 cost of a one year subscription to Metal Augmentor.

The PDF format makes the silver producer report easy to send around, which we encourage. Once again, here is the report: Mid-Tier Silver Producer Report June 2010 PDF.

silverax Gold/Silver Shares

  1. SRSrocco
    June 24th, 2010 at 21:21 | #1

    TRE = $5.09
    TGB = $4.79

    Looks like TRE is starting to outperform TGB.

  2. June 25th, 2010 at 14:58 | #2

    That has nothing to do with silver producers, but in any case it’s not even close on the 1 year chart, TGB is still clobbering TRE. Why after all these years is TRE still needing to raise money, they should be making bank from their royalties by now, don’t you think?

  3. SRSrocco
    July 1st, 2010 at 12:07 | #3

    TRE = $4.88
    TGB = $3.80

    Looks like TRE is holding onto its gains. Really outperforming TGB.

  4. Kipling
    July 12th, 2010 at 14:07 | #4

    Paper silver is over. Q3 2010 Soviet-style economic waterfall collapse precipitated by Chernobyl-style Gulf Oil apocalyptic disaster has arrived. I bought the last tube of 1964 Kennedy half dollars for CAD 150 last week, “and it’s gone.”

  5. July 15th, 2010 at 12:52 | #5

    Any chance you will begin regular updates of the gold & silver basis?

  6. SRSrocco
    July 16th, 2010 at 10:01 | #6

    @Kipling

    You are correct. Matt Simmons was on MSNBC with Dillan Ratigan last night (july 15) and repeated what he has been saying for over a month now. And that is the real leak is 6-7 miles away from an open hole confirmed by the research vessel the Thomas Jefferson which is spewing 120,000 barrels a day. Actually, the leak from the open hole is so huge there is supposedly a fire cauldron coming out of the surface of the ocean. Because this is a heavy sour oil field, 99% of the oil is at a depth of 4,500-5,000 feet below the surface of the ocean. Simmons states it now covers the size of the state of Washington.

    Here is the link to the MSNBC video:
    http://www.youtube.com/watch?v=scl2dgK_-Nw&feature=player_embedded

    Simmons also states that it looks like they have found the 5 story BOP by SONAR and it is not what BP is showing on TV with all those ROVS. I would say in the next week or so, the truth will come out.

  7. Kipling
    July 16th, 2010 at 13:03 | #7

    @SRSrocco
    Matt Simmons is the dean of oil analysts, the most responsible and knowledgeable expert in the business. Dylan Ratigan is the best man in main stream media, when he walked away from CNBC he took a lot of successful traders–like us–with him.
    You’ve done better than me in the last decade, I’m guessing quadrupled your equity, whereas I got in later and only doubled the half put in hard assets four years ago, then bailed out of the casino gambling racket with the rest of my chips two years ago and placed the remainder in gold kilos. It is only up 40% since then, but I sleep better now.
    As Richard Russell says, by the end of this year, we won’t recognize the place. I jumped out of the pot when the water start getting warm, you left when it was still cold.

  8. SRSrocco
    July 17th, 2010 at 10:26 | #8

    @Kipling

    I wish everyone jumped out when it was cold. But now we got a worse problem. I emailed Eric King from King World News early last week about “SOMETHING VERY WRONG IS GOING ON IN THE GULF OF MEXICO”…and asked Eric to bring on Matt Simmons. Well guess what? Eric has him on as an interview this weekend. Looks like me and others informed Eric about Simmons and he did the right thing and interviewed him.

    You can find the interview here:

    http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2010/7/17_Matt_Simmons.html

    Folks you better get ready for FOOD SHORTAGES and PROBABLY BLACK OUTS as upwards of 18 power plants in the Gulf Coast get shut down when the oil washes ashore and messes up their abilty to create electricity. Furthermore, the oil will mess up the ability of REFINERIES to produce Gasoline when oil gets into the water they use to make fuel.

    Again….Kipling is correct that by the end of this year, the country will look a whole lot different.

  9. Kipling
    July 20th, 2010 at 14:22 | #9

    @SRSrocco
    It’s fascinating to watch this go viral among widely read writers: James Howard Kunstler, Henry Makow and now John Kaminski, “a writer who formerly lived on the Gulf Coast of Florida who is now a thousand miles away and now has no plans of ever returning there.” His title, “Oil lies becoming more preposterous” summarizes the issues.
    By the way, gold’s summer low is in and platinum rallied again today. (I traded them 1978-2008.)

  10. SRSrocco
    July 21st, 2010 at 16:44 | #10

    @Kipling

    Yes…Kipling….the US Economy was heading into the DERTIVATES TOILET never to return. This Gulf Oil Disaster has just pushed it into high gear. My fears are, if this 120,000 barrel a day hole is not plugged, it could be a extinction level event for who knows how many animals, mammals and humans.

    Matt Simmons was on Bloomberg today…still saying the same thing, basically the Gulf of Mexico is dead:

    http://www.youtube.com/watch?v=YDfafDtTIuw

    Also, according to an Italian scientist, it looks as if the Gulf Stream has broken down due to the heat coming from that open bore spewing 120,000 barrels of 60% oil and 40% gas:

    http://www.rense.com/general91/OilSpill-CNR%202.pdf

    Kipling…you probably have already seen that pdf….but I urge others to take a look. Investors who are still counting their future profits in Juniors or whatever…need to wake up and smell the METHANE. This is a GAME CHANGER.

  11. Kipling
    July 22nd, 2010 at 12:44 | #11

    @SRSrocco Smoking mirrors and blowing lies at http://www.thetruthseeker.co.uk may be all the background necessary to complete the puzzle.

  12. lou
    July 23rd, 2010 at 17:16 | #12

    john doodys research looks like doodling with crayons compared to your efforts ? with just 10 stocks a year john averages 100 % a year return with his portfoilio……10 year return over 1100 % ……. has your portfolio come close that return ,equal or surpassed that ? please send me info………

  13. July 28th, 2010 at 05:05 | #13

    Tom and you guys did you read Fekete’s recent essay by any chance?.I’m guessing you have all probably read the article He states in the article that the Gold Basis is screwed.
    Tom i think we all at Silveraxis would very appreciate your take on this recent development.

  14. July 28th, 2010 at 05:12 | #14

    @Frederico K.
    I’ve also noticed grat deal of slacking around here.I wonder.
    Hey SRSrocco,maybe you can fill me in as to why

  15. July 28th, 2010 at 05:13 | #15

    @Frederico K.
    great not grat.lol

  16. SRSrocco
    July 28th, 2010 at 15:41 | #16

    @Frederico K.

    Sorry….LOL, been away for a few days. Yeah, Fekete used the term GOLDMAN SUCKS. You can tell Fekete is no longer holding any punches. I wrote over 6 months ago, that the BASIS was a FRAUD. Everything is manipulated. I imagine the 8 hairs on Greenspans head are also manipulated to a degree.

    Frederico, the collapse of the US ECONOMY and DOLLAR goes above and beyond profits in GOLD and SILVER. Any MORON who is still holding onto TREASURIES because some ANAL-LIST told them it was wise to be in C-A-S-H, needs to get a GOAT MILK ENEMA and a BREATHING TUBE right away.

    The days of the U.S.S.A TITANIC are coming to an end. I still think owning gold and silver are the right BET…but if a person thinks FOOD COMES FROM THE FRIDGE and not the GARDEN….well it looks like the joke will be on you.

    GOD BLESS the ANAL-LISTS..

  17. SRSrocco
    August 9th, 2010 at 13:41 | #17

    Matt Simmons Dead of Heart Attack….what good news for BP…their biggest critic.

  18. SRSrocco
    August 16th, 2010 at 03:13 | #18

    TOM…how about a new THREAD for us PUBLIC JUNKIES??

  19. August 18th, 2010 at 06:07 | #19

    @SRSrocco
    Yeah,how about it?Tom,Tom…….. is anybody home?

  20. August 21st, 2010 at 02:26 | #20

    lou :

    john doodys research looks like doodling with crayons compared to your efforts ? with just 10 stocks a year john averages 100 % a year return with his portfoilio……10 year return over 1100 % ……. has your portfolio come close that return ,equal or surpassed that ? please send me info………

    I wasn’t talking about his results but rather the depth of his analysis. That said, a monkey could have gotten that return or better throwing darts at a list of stocks pinned to the wall if only he had done it starting in 2000. Heck, the HUI was at 40 in 2000, over 400 today. Doody instead compares himself to XAU. Doody was probably a good value for the price a couple of years ago when his newsletter was affordable to the masses. But speaking of right now, we do more detailed valuation analysis for 1/10th the subscription price and I’m fairly confident our method is more capable of picking 10 stocks that will perform better than his 10 during the next 10 years. Indeed, looking at his recent top 10 picks, his reasoning is certainly solid and his long experience as a “gold stock analyst” evident, but I’m frankly not at all impressed with the top 10 he came up with.

  21. August 21st, 2010 at 02:30 | #21

    Frederico K. :

    Tom and you guys did you read Fekete’s recent essay by any chance?.I’m guessing you have all probably read the article He states in the article that the Gold Basis is screwed.
    Tom i think we all at Silveraxis would very appreciate your take on this recent development.

    I’m working on something and should have it up shortly. In summary, Fekete is wrong and making excuses for the basis not behaving as he expected it. The problem is that Fekete did not, and has not, taken the interest rate environment into account.

  22. August 21st, 2010 at 02:36 | #22

    SRSrocco :

    Matt Simmons Dead of Heart Attack….what good news for BP…their biggest critic.

    RIP to Matt and not to be insensitive, but perhaps the fact that he was so terribly wrong about the gulf oil spill had something to do with it — he pretty much shot his own credibility by being so extreme and radical. Hopefully this is a lesson in keeping a bearing and at least some sense of reality. What I said over at Metal Augmentor about the spill pretty much came true to a T (I said they would eventually stop it with a new cap and much of the oil would dissipate in the gulf without catastrophic environmental impact) and I’m no Matt Simmons, which doesn’t say much about Matt’s expertise.

  23. August 21st, 2010 at 02:39 | #23

    @SRSrocco
    I’m back, frankly sometimes it helps to step back and take bit of a break as the constant yapping that comes with blogging has a tendency to cause a dislocation from reality. Not much going on past few months but I think things will be heating up (and cooling down) starting September so I’m getting back into form.

  24. August 21st, 2010 at 02:55 | #24

    Dave Narby :

    Any chance you will begin regular updates of the gold & silver basis?

    I don’t want to abuse the relevance of the basis by talking about it even when it isn’t saying much, so the frequency of future updates especially for non-subscribers is based on importance and urgency. That said, I expect to have an update soon especially if things start to get interesting in September as I expect.

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