As faithful readers will recall my favorite stock in silver was CDE. For some reason my timing is early because I see fundamentals that have influence on the cause and effect of a company's future. Thus I liked CDE. Finally Coeur d’Alene Mines Corp. (CDE) is in the news. CDE officially approved its acquisition with Bolnisi Gold NL and Palmarejo Silver and Gold Corp. This deal makes CDE the largest silver miner in the world. As we wait for that transaction to be completed CDE has released even more good news…
The company announced the commissioning of a new 240 ton-per-day flotation mill. It’s located at the company’s high-grade Martha silver mine in Argentina. To date, the company has produced over 11.5 million ounces of silver from its Martha mine, and this addition will allow the company to process its silver more efficiently. Without a doubt, in our opinion, Coeur is the most undervalued silver play in the market today, and that’s why we are pounding the table about it.
This move will cut its already industry-low cash costs on its silver production. Before this mill, the company had to ship all of its ore from the Martha mine 270 miles to its Chilean mine outside of Cerro Bayo. Talk about increasing fuel-efficiency!
Notice the Big move up in CDE yesterday. This is just the beginning. Take every dime you have set aside for the metals and buy CDE for a 3 year play of tripling your money