Corner of Berkshire & Fairfax Message Board

General Category => Investment Ideas => Topic started by: FCharlie on November 12, 2012, 02:00:22 PM

Title: PAAS - Pan American Silver
Post by: FCharlie on November 12, 2012, 02:00:22 PM
Anyone ever study Pan American Silver? A Canadian silver mining company with a $3 billion market cap, 20% of their market cap in net cash, more gold reserves than market cap, and cash costs for producing silver of about $12/ounce...

This company would be profitable even down to silver in the low $20's and profits could perhaps double with roughly a $10 increase in the price of silver.

On top of this, PAAS is actively repurchasing shares.

Thoughts?





Title: Re: PAAS - Pan American Silver
Post by: Sunrider on November 13, 2012, 05:09:02 AM
To the extent that this provides confirmation (and bias?) - I think one of the Motley Fool services recommended them last year, if memory serves.

Cheers - C.