Independence Lead Mines is the most leveraged silver play now, whose major asset is 18.52% interest in profits of the Gold Hunter area (Lucky Friday mine, Idaho, operated by Hecla Mining).
The mine is operating at full capacity to mine 4,000,000 silver ounces per year with cost of production below USD/Oz 4.5 (thanks to substantial zinc/lead byproducts).
This is long life mine with current silver resource of 90 million silver ounces and growing.
At current metal prices (silver at USD/Oz 13.5) mine gross profit is equivalent to USD 36,000,000.
Current P/E is 1.x (ONE) or 87 US cents per ILDM share.
As silver price rise, so the profits from the mine and ILDM shar ein profits.
ILDM is fully reporting company, have strong and dedidacated management.
You are welcome to check the full story at
http://www.geocities.com/argentum_bug/
Please write me at argentum_bug@yahoo.com in case you are interested.
It is the most leveraged silver investment available.
Our share price target is USD/share 10