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TICKER: SBR:TSX WEBSITE: http://www.silverbearresources.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. "Silver Bear Resources closed at 20 cents today. It has a market cap of $7.6 million and $32.6 million in the bank. It’s selling at 430% over market cap. I’ve got Triex Minerals at 338% of market cap, International Nickel at 331% of and Uravan Minerals, 300%. These are just unbelievable. Back in 2001, a few stocks—maybe 10 or 20 stocks—sold for less than the cash they had on hand, but now 100 of them selling for less than cash on hand. The value of these stocks is not based on their economic value, but on the fact that everybody’s dumping them like crazy. Look at ATW Gold Corp. (ATW:CA) . They have two mines and two mills in Australia, are going into production in March and will produce 50,000 to 100,000 ounces a year and you can buy the gold for about $3 an ounce. That’s nuts." - The Gold Report Interview with Bob Moriarty, 321gold.com (11/07/08) |
