Comments on Great Panther Silver Ltd. in today's Gold Report
Great Panther Silver Limited
T.GPR: TSX
Comments on Great Panther Silver Ltd. in today's Gold Report
Dear Shareholders and Friends,
In a recent interview with Streetwise Reports, Weiss Research Natural Resources Analyst Sean Brodrick, commented on Great Panther Silver Ltd. Sean expects the bull market for precious metals to run for "quite some time," with gold hitting $1,450 /oz. by year-end and silver at $25 not long after. In this exclusive interview with The Gold Report, Sean sees silver reasserting itself as a monetary, investment and industrial metal. South of the border, some of the Mexican miners have an "embarrassment of riches"—which have largely escaped the attention of Wall Street.
A natural resources analyst for Weiss Research, Inc., Sean Brodrick travels far and wide seeking out investment values in the sector, primarily among the small-cap and micro-cap players. He edits Weiss Research's Crisis Profit Hunter, Red-Hot Canadian Small-Caps, Red-Hot Global Small-Caps and Red-Hot Commodity ETFs, as well as making regular contributions to Uncommon Wisdom Daily. He is also a contributing columnist to Dow Jones MarketWatch and a frequent commentator on one of Canada's premiere financial websites, HoweStreet.com. Sean's expertise has led to many financial talk show appearances, including CNBC Squawk Box, Fox Business, CNN, The Glenn Beck Program, Your World with Neil Cavuto and Bloomberg Market Line.
We thought you'd be interested in reading Sean Brodrick's comments on Great Panther Silver Ltd.. Scroll Down to see these comments.
Regards,
Robert A. Archer
Chief Executive Officer & President
Sean Brodrick's Comments:
SB:Great Panther Silver Limited is another one I've visited a couple of times. Very interesting story. It's a smaller miner but it's really ramping up production. Guanajuato is one of their projects and Topia is another one. Between the two, they produced about 2.2 million ounces last year, and should produce 2.6 million ounces this year. They've increased production in each of the last four years. They'll probably hit production of about 3.8 million ounces of silver equivalent per year by 2012. Operating costs are around $6/oz. net of royalties. Great Panther is cash flow positive and has another project it's fast-tracking toward production.
Guanajuato is just amazing. It's an incredibly long strike—something like 4.7 kilometers. This huge ore body stretches on forever, and it's really, really rich. They've pulled something like a billion ounces out of there.
TGR: All that, and they aren't close to exhausting it?
SB: There's a lot left, and remember the huge upgrades in technology. As they go deeper—deeper than was possible in the past—Great Panther comes to incredibly rich grades. There's a lot of amazingly rich stuff left in Mexico that lay dormant for a long, long time. It's now coming into play, and Mexico is a very mineral-rich country anyway. So that's why I think the future for mining in Mexico is so bright. View Article
