Freeport-McMoRan Inc.: Does Mining Have A Silver Lining?

July 29, 2015 at 06:10PM

• By mid-afternoon Tuesday, FCX’s stock price was up 9.9% on announcements of cost reductions, and the firm was ranked among the most heavily traded bond issuers on Monday.
• We use modern default probabilities and credit spreads to assess FCX. We find the firm is in the riskiest 20% of its peers from a default perspective.
• That doesn’t necessarily mean that the bonds are not good value. When we do our normal “best value” rankings, however, all 4 heavily traded FCX bonds offer below-average value.

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First Majestic Silver To Acquire SilverCrest Mines: Analysis & Conclusions

July 29, 2015 at 08:58AM

• First Majestic Silver is proposing to acquire SilverCrest Mines.
• We believe that the proposed conditions are fair, but we regret to see SilverCrest go for now.
• First Majestic Silver is providing a strong sign of life to investors.

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At Current Prices Of Gold And Silver, It Is Much Harder To Find Economically Viable Projects

July 29, 2015 at 08:05AM

• At current, relatively low prices of gold and silver, many mineral projects will probably be delayed or even suspended.
• Fortunately, there is a limited number of projects that should be developed even at current low prices.
• The worsening economic efficiency of many projects plus the decreasing number of new discoveries are serious threats to the entire precious metals industry.

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Silver Can Triple Once It Finds A Bottom

July 28, 2015 at 07:04PM

• Rallies for silver of 200%, 300%, or more are not unusual.
• Silver first needs to find a bottom, which appears to be elusive right now.
• Higher inflation and QE4 would be the best catalysts to jump-start the next bull market.

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Silver Is Fundamentally Undervalued

July 28, 2015 at 05:57PM

• Silver is fundamentally undervalued due to the actions of a handful of large speculators in the futures markets.
• During a one day period at the end of June, silver shorts overwhelmed the broader market and depressed prices, even as investor demand for silver was high.
• The U.S. Mint sold out of silver coins at the same time the price of silver hit its 2015 lows – this should not be possible given economic laws.
• The amount of silver available for delivery is well below the amount represented by short contracts.
• This indicates that silver is significantly undervalued at its present price.

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Pan American Silver: On My Buy List

July 28, 2015 at 09:09AM

• If I didn’t believe that silver (and gold) would eventually make a substantial rebound, I would have no desire to be investing in this sector.
• If we compare cash/debt positions to other primary silver producers, you can see how formidable Pan American’s balance sheet is in relation to the others.
• La Colorada and Dolores are flagship operations for Pan American, and these two mines have aggressive expansion projects in the works.
• A few of the company’s other operations are in decline and are at/near the end of their mine life.
• When I analyze all aspects of Pan American – from its balance sheet, production profile, expansion projects, development projects, cash costs, etc. – the company stands out amongst the pack.

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A Silver Lining For The Gold Price?

July 28, 2015 at 08:57AM

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6 Reasons To Short Silver, 3 Ways To Short And 2 Reasons Gold Is Better

July 27, 2015 at 05:36PM

http://seekingalpha.com/article/3361455-6-reasons-to-short-silver-3-ways-to-short-and-2-reasons-gold-is-better
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Why Silver Platinum And Hogs Are Cheap And Cattle And Gold Are Expensive Today – Inter Commodity Spreads Provide Amazing Clues

July 27, 2015 at 07:54AM

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Endeavour Silver Corp. – Successful While Silver Is Low Implies Long-Term Prospects

July 23, 2015 at 09:47AM

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