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« ‘Fear and Love Make Gold Strong’ | Main | Silver Prices 17 January 2011 »

Minco Silver Corporation 19 January 2011

MSV Chart 19 Jan 2011.JPG

We bought Minco Silver Corporation (MSV) many moons ago for $2.80 as a speculative move, it later dropped to trade at $0.40, which was a great disappoint for us, however since then it has been showing signs of recovery when progressing to a high of $7.14, before this sell off brought the price back to $5.55 recently.

The run by silver prices from $17.00/oz to $30.00/oz has wet the appetite of some investors and enticed them to acquire a few silver producers including Minco Silver’s stock. The recent pull back has shaken some of them off this silver bull so you may want to give this one some thought when making more acquisitions.

Minco Silver Corporation has a market capitalization of $265.08 million, has a 52 week trading range of $1.55 to $7.14 and closed yesterday at $5.55 and can be found on the Toronto Stock Exchange under the symbol of MSV.

Minco Silver is a Canadian based mining company focused on the acquisition and development of high quality silver properties. The Company has its corporate head office in Vancouver, Canada. The Fuwan Silver deposit located in southeastern China is the Company's primary focus. The Fuwan Silver deposit has a reserve of 9.118 million tonnes averaging 189 g/t Ag, which will support a 3,000 tonnes per day operation for 9.2 years, and has an excellent opportunity to expand its mine life through upgrading its current resources and finding new resources along the relatively un-explored 10 km long Fuwan belt. The Fuwan Silver Deposit is exceptional due to its proximity to well developed infrastructure, as the property enjoys immediate access to road, water, rail, and a variety of services including, skilled and unskilled labour, allowing the Company to advance the project at much lower capital costs as compared to similar sized projects.


Over in the options trading pit, we now have 59 winners out of 61 trades, or a 96.72% success rate. If you have any questions regarding these trades please address them through their site where they will be handled quickly and I hope efficiently.

sk chart 10 Dec 2010.JPG

The above progress chart is being updated constantly. However, to see exactly how it is going, please click this link.

So, the question is: Are you going to make the decision to join us today, before we decide to cap membership.

Stay on your toes and have a good one.

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