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Got Goldies
10-13-2010, 02:28 PM
Now that I can afford these guys, what do we know about them besides it being $30 and up 5%? Talk to me.

eurodollarconfetti
10-14-2010, 05:19 PM
Now that I can afford these guys, what do we know about them besides it being $30 and up 5%? Talk to me.

Its a very big silver miner, growing every year. A low cost producer. I do
have shares in PAA (TSX) Canada. Pays dividend.

"Pan American's mission is to be the largest and lowest cost primary silver mining company, and to achieve this by constantly increasing silver production and silver reserves."

DYODD, but with these silverprices its undervalued for sure.

Good luck,
eurodollarconfetti

Kayaker
10-24-2010, 03:11 PM
I heard somewhere that Bill Gates has a big chunk of money invested in paas.

Will Wong
10-24-2010, 03:54 PM
Now that I can afford these guys, what do we know about them besides it being $30 and up 5%? Talk to me.

This was posted on the Miners Due Diligence Center (MDDC) thread and reposted here for your reference. PAAS is ranked #2 on the MDDC list of miners with up to $400M in market cap. Check it out. See link below.

Pan American Silver

PAAS(Nasdaq)\
PAA(TSX)
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http://www.panamericansilver.com/com...nagement13.php
Some info on management(too much to post, need to go to the link)
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http://www.panamericansilver.com/company/history11.php
Some history of the Company(much more at the link)
"The origins of Pan American Silver Corp. can be traced back to 1994, when Equinox Resources, a company managed by Ross Beaty and John Wright, was taken over by a well-known U.S. mining company. The Equinox team noted the U.S. mining company's shares moved up and down in tandem with the price of silver, even though gold and industrial minerals generated much more revenue than silver..."
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http://www.panamericansilver.com/com...onValues12.php
"Pan American Silver Corp. was founded with a single mission: to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. Our strategy is based on solid principles:"(link)
"Pan American Silver has always had and will continue to maintain a no precious metals hedging policy. The Company adopted this policy because it believes that limiting the upside of silver revenues goes against the very principle of its existence."
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http://www.panamericansilver.com/operation/index.php#
The mines are located in Cental America, South America, and some exposure in the United States
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http://www.panamericansilver.com/ope...ervesRes21.php
Reserves and resources
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http://www.panamericansilver.com/inv...nts/2010Q2.pdf
The balance sheet is impressive
The latest total production cost per ounce of silver was $9.40
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http://www.panamericansilver.com/inv...sFilings41.php
link to annual reports