Silver America, Inc. (SILA)
May 6, 2010
Silver America, Inc. (SILA) is breaking out even faster than anticipated with a strong volume increase over the last several trading days coupled with a 25% price-spike from our $1.05 buy range to just above $1.30 per share. The reason for the rapid SILA trading surge is Silver America’s key announcements this week regarding 2 major property acquisitions.
On Monday, SILA detailed its Keeno Strike gold/silver project, which is estimated to hold up to 69 million ounces of silver and 1.1 million ounces of gold. Already, one independent report gives the property an equivalent gross estimated value of over $3 billion at current commodity prices.
And on Wednesday, Silver America released details of its Guadalupe gold/silver project in Zacatecas State, Mexico, which is surrounded by world-class silver deposits and the production operations of major industry operators. The Guadalupe property is adjacent to the Fresnillo Mine – the world’s richest underground silver mine – which is controlled by $6 billion Fresnillo P.L.C., Mexico’s largest individual silver producer.
A chip sample taken from the workings of SILA’s 698-acre Guadalupe property returned over 3 grams per ton gold and 342 grams per ton silver across 1.5 meters of mineralized vein. The property is currently processing 3 to 4 tons of ore per day from 1 of 5 known veins at a depth of only 30 meters, which is expected to continue to a maximum of 1,500 tons per year.
We see Silver America (SILA) as well-positioned in these 2 key precious metals production zones – Nevada, USA, and Zacatecas State, Mexico. Nevada is America’s 2nd leading silver-producing state, behind Alaska, representing over 20% of total U.S. silver production in 2008. Mexico is currently the world’s 2nd leading silver producer and holds the world’s 4th largest silver reserves according to the U.S. Geological Survey.
You should already be sitting on an approximate 25% share-price increase on your SILA shares. We are anticipating a very exciting exploration year for Silver America as the company begins the process of proving up what could be a very substantial precious metals resource.
April 29, 2010
Silver America, Inc. (SILA) is a newly-listed precious metals exploration company with a focus on high production potential silver and gold projects in the United States and internationally. I am announcing a Strong-Buy on SILA at the current $1 per share range. We are very early on this one, and I recommend you conduct your own due diligence by reading the company’s recent press releases and filings and also by visiting the company’s new corporate website at www.silver-america.com.
Although Nevada-based Silver America just recently launched into the publicly traded markets, the company has already assembled an impressive property portfolio in renowned North American precious metals mining zones. In Nevada, Silver America controls the 245-acre Keeno Strike Property where the company has announced its intent to test an open pit structure estimated to contain 69 million ounces of silver and 1.1 million ounces of gold.
In Zacatecas State, Mexico, Silver America plans to develop the Guadalupe Property, which is located just 5 miles north of the Fresnillo Mine – the richest underground silver mine in the world. SILA’s Guadalupe Property is also situated just 7 miles to the southwest of MAG Silver Corp.’s Juanicipio Project, which boasts an average silver grade of up to 879 grams per ton – making it one of the highest grade silver targets on the planet.
As a result of new uses for silver within the electronics sector, and robust growth in China and India, the demand picture for silver points to higher prices going forward. Since 2001, the spot price for silver has moved up nearly 350% from around $4 per ounce to today’s prices above $18 – which we see translating to stellar future revenues for Silver America (SILA) as the company makes the crucial pending transition from “explorer” to “producer.”
As mentioned, we are very early on Silver America – and thus the company’s stock is currently trading only sparse volume. Utilize patience as you begin accumulating your strategic SILA position. Set your buy-orders with a strict limit-price of $1.05 per share. As the company continues to generate increased market attention via project updates and additional property acquisitions, you can expect a steady increase in the SILA volume and share-price. Silver America (SILA) is a Strong-Buy up to $1.05 per share. |