We are in stage 1 of the biggest silver/precious metals bull market the world has ever seen where the banking system is broken and remains afloat at the moment by inflationary QE/money printing and theft of bank accounts ie Cyprus. The US, UK, Japan, China, Swiss, Euro are all printing fiat.
$ estimates for future unmanipulated paper price/oz of silver like $500 - $1,000 are infront of us. Do the math on 2.5 million oz / year of production by $500 an oz! Crazy $ numbers here so imagine CCU share price then! I'm happy we're not rushing into full production at these ridiculous give away prices of silver.
CCU has some hedging in place at above current spot price, money in bank and is selling silver production so I'm ok with sustainability. Share prices always tend to drift down on no news as people sell for all reasons and more so today to pay some stupid bills! Current share price is fantastic and on sale for the long term owners of CCU like myself to accumulate! Reminds me of Boxing Day sales except nobody is breaking down the doors at opening although that will happen in the mania phase.
My only concern currently at the low share price is we get taken over or given away like IGR and not realize our full potential of a double digit share price.
I love reading the link below where the author makes a justification for silver price over $100,000 an oz. Print it out and read every now and then, it always gives me a boost! Remember to paste into the top address bar.
http://www.roadtoroota.com/public/998print.cfm
CCU Price at posting:
26.2¢ Sentiment: Buy Disclosure: Held
