Dan, work out the in-ground value of those 796,000 ounces of PGM's at Everest North (for ease of calculation, assume a basket price of US$1,000/oz), then compare the relative merits of, for example, PLA, whose market capitalization exceeds SLV's by about $46m. Consider too, the calibre of management at SLV - with Ed Nealon (who made such an outstanding success of AQP) effectively at the helm ...and then perhaps you might reconsider your view on SLV 's valuation.
You should buy SLV on any dips in the share price, DanR.
I am.
SLV Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held