Ah_Meng
02-11 17:15
i used to over Silver mines too until it ran into legal trouble a few years ago. I was not in the same place as you (i.e. not willing for my money (spare or otherwise) to sit around. I had sold it for a good profit. It had since refiled its project layout and maybe might get its mining permit back. I used the money to buy something more immediately - $Sun Silver Ltd(SS1.AU)$ , another big silver mine along with antimony (another critical mineral with ever raising demand)! The idea of a silver Landbank is good. Given that your time frame is 5 years, the immediate silver price movement is obviously not crucial. The key for silver mines to work is for it to really sort out its licensing issue once and for all so there's certainly. I had another miner, a rare earth miner called $ENERGY TRANSITION MINERALS LTD(ETM.AU)$ now. I also sold that years ago when it ran into political issue. To-date, it was still fighting to get its license back. So I don't like to take unnecessary risk.
@Emotional Investor：So I'm really not concerned if silver sells of. I don't own silver directly. I don't trade it as a commodity either. I just own shares in $SILVER MINES LTD(SVL.AU)$ . They are a silver mining company based in Australia predominantly with the rights to arguably the largest silver mine deposits in Australia. They have proven out their reserves. But only expect to secure government approval to start mining as early as mid 2026. In an earlier article I wrote incorrectly that the licensing was in place, but it's not yet. Realistically I don't think they will start mining til 2027/2028. But they also have mining businesses in California and a few other spots that mite start production sooner. This does not concern me though, it wasn't my play. Just as land developers bank land, that they mite just hold for 10 years before they develop. Well SVL is the same idea for me. I don't expect dividends from this company any time soon, maybe in 5 years? I do expect dilution when they need a ton of money to start mining though. And there is a possibility of a buy out. But my play is based on the usefulness of silver as a conductor in electronic components. And it's also based on a lot of research indicating that silver is and will continue to lagg global demand. That is, it's not being pulled out of the ground fast enough to meet demand now, and in the longer term. So I'm just buying silver mines to bakevin the long term future price of silver. Keep it in the ground, not bothered. It's a future asset not realizable any time soon. Obviously it's less than 1% of my total portfolio. Therefore I have no interest if it sells off big time in the next few months. That's not even a remote consideration For me. Same if it goes up. It's meaningless. I brought Australian silver mines because it's not producing silver. It just has the right to mine a massive worldwide quantity of silver some time in the future. So i chose this company over every other silver mining company cause to me it's a silver bank. Just looked in my portfolio and SVL is actually 0.3% of my portfolio. Tiny, but in 10 years it will be interesting so my plan will be to just keep dropping a few bucks on it whenever I'm not compelled to buy something else @MojoStellar @TigerTrade @MillionaireTiger @Tiger_SG @Hangovered @Ragz
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Comments

  • fluffix
    02-11 17:27
    fluffix
    Smart move avoiding unnecessary risks, mate! Mining stocks can be tricky. [强]
    • Ah_Meng: 
      With small miners, you just never know
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