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« SILVER: Are you ready? | Main | Silver Wheaton Corporation »

Silver Standard Resources Inc: Increases Silver Resource


You lucky people, SSRI is now up 16.62% since we recommended it on 14 July 2006, a considerable increase in only 4 weeks.

Silver Standard Resources Inc. has just reported that its wholly owned Pitarrilla silver project has increased resources in a fairly dramatic fashion. The increased resources are comprised of measured and indicated silver resources totalling 234.3 million ounces, an increase of 249%, and inferred silver resources of 192.1 million ounces, an increase of 47.5%. This is a mining property that they have in the state of Durango, Mexico.

While surfing the web we noticed that UBS has set a target price for Silver Standard at $24! Where do they find the courage? This stock will double from our recommended price of $19.98 and in our humble opinion it will do it very soon.

We also noticed that other well-known market commentators such as Lawrence Roulston, and Peter Grandich are saying Buy Now; don’t wait, although with some qualifications. Just what we have been saying and more importantly DOING over the last few months.

Silver Standard Resources Inc. trades on Toronto as SSO and on the NASDAQ as SSRI and is presently trading at $23.30.

Don’t go too mad on it.

16 August 2006

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