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TICKER: TSX.V:USA DESCRIPTION: U.S. Silver, through its wholly owned subsidiaries, owns the operating Galena Silver Mine as well as the non-operating Coeur, Caladay and Dayrock silver-lead-copper mines in Shoshone County, Idaho. The Galena mine has been the second most prolific silver mine in U.S. history. In 2009, the Galena mine produced over 2.4 million ounces of silver. U.S. Silver controls a land package totaling approximately 18,000 acres in the heart of the Coeur d'Alene Mining District, often referred to as The Silver Valley. The company is focused on expanding production from existing operations as well as exploring and developing its extensive Silver Valley holdings. WEBSITE: http://www.us-silver.com The information below is based on the most recent information we have received from analysts and the companies participating in The Gold Report. We encourage you to visit the company's web site for updates. "U.S. Silver looks very much like an unrecognized turnaround situation. What is meant by this is that new management took over the company about a year ago and turned it around, so that it is now in position to produce 2 million+ ounces of silver per year, but this is not reflected in the share price whose slow, grudging improvement over the past year can be wholly attributed to the general recovery in the sector during this period. This situation now looks set to change, however, hence our interest. . .The chart for the U.S. traded stock looks very favorable too, with volume and OBV signaling imminent breakout. Note that it trades in good volumes on the U.S. market and is thus attractive for U.S. subscribers. We started buying this stock during the last hour of trading yesterday when an Email alert was sent out." - Clive Maund, clivemaund.com (11/17/09) |
