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« Silver prices trending upwards | Main | Silver Wheaton Corporation: A Takeover Target? »

Silver Wheaton Corporation on BNN Today

Peter Barnes

For those interested, this is a clip of Peter Barnes, Chief Executive Officer, Silver Wheaton Corporation (SLW) being interviewed on Vancouver, Canada, on BNN. Peter talks about a little about the history of Silver Wheaton, its current production and its targets for the future.

Its well worth a listen if you can find the time and are looking for some exposure to the silver market. This stock is up over 100% during the last twelve months and closed today at $26.67, please click here to view the clip.

Silver Wheaton Corporation trades on the New York Stock Exchange and the Toronto Stock Exchange under the symbol of SLW.

The Company has a market capitalization of $9.17 billion, with 344.00 million shares outstanding, a 52 week trading range of $11.6 to $27.18 with an average volume of 4-5 million shares traded, although spikes in trading have seen 14 million shares change hands and this week the daily average has been around the 10 million level.

Over in our options trading den they have updated the chart to show all the closed trades as of today, so you can see exactly how it is going, please click this link.

OptionTrader Profits

Stay on your toes and have a good one.

Got a comment then please add it to this article, all opinions are welcome and very much appreciated by both our readership and the team here.

On Friday, 27th August 2010, we closed another successful trade banking a profit of 79.46% on Call Options on Silver Wheaton.

The latest trade from our options team was slightly more sophisticated in that we shorted a PUT as follows:

On Friday 7th May our premium options trading service OPTIONTRADER opened a speculative short term trade on GLD Puts, signalling to short sell the $105 May-10 Puts series at $0.09. On Tuesday the 11th May we bought back the puts for just $0.05, making a 44.44% profit in just 4 days, with more positions opened yesterday. Drop by and take a look.

To stay updated on our market commentary, which gold stocks we are buying and why, please subscribe to The Gold Prices Newsletter, completely FREE of charge. Simply click here and enter your email address. (Winners of the GoldDrivers Stock Picking Competition 2007)

For those readers who are also interested in the silver bull market that is currently unfolding, you may want to subscribe to our Free Silver Prices Newsletter.

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Reader Comments (5)

Upon listening to the interview, Peter Barnes states that what they do is buy silver off many of the miners they have a contract with for $4.00 per ounce then turn around and sell it at spot to other parties. I think the obvious question would be why would those miners sell Silver Wheaton their silver for only that $4.00 per once? Why wouldn't they sell it on the market themselves and get more than 5 times the price (around $22.00 now) and keep the profit themselves or for the benefit of the shareholders of those individual mining companies?

October 2, 2010 | Unregistered CommenterBruce S

I have just read another well known analyst saying SLW will reach $200 !!! WOW

October 2, 2010 | Unregistered Commentersilver bug

OK, I'll buy that (literally and figurtively) but, first, tell me when? Aren't those anal ysts great?

October 2, 2010 | Unregistered CommenterJohn Ell


In a nut shell SLW pay a lump sum amount of cash up front to the miner to assist with the costs of construction, etc. After that SLW then pays between $3.90 to $4.04 per ounce of silver it receives. So the real cost is around $8.00/oz in our very humble opinion.

If you click the link below it will take you to a post we did consisting of an email exchange between SLW and ourselves regarding costs.

Finally, you might want to visit their web site and get familiar with this business model before putting your hard earned cash into it.

October 2, 2010 | Unregistered CommenterSilver Prices

Thanks for the link, it explains things quite nicely re the purchase costs as I wasn't aware of the precise details. I had heard before from reliable sources that the SLW business model was a good one and do own many shares. The stock has had a great run up here but because it's such an outstanding company, I would have concerns about trying to trade it, so I'm holding.

October 2, 2010 | Unregistered CommenterBruce S

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