Great Panther Resources (TSX: GPR) was up 34% today to $0.94 on huge volume of 3.5 million shares! This was one of GPR’s highest volume days in history!
GPR only has approximately 91 million shares outstanding and expects to finish 2009 with production of 2.1 million silver equivalent ounces, with production growth in 2010 to 2.5 million silver equivalent ounces!
GPR has the potential to generate revenues next year of over $41 million based on the current silver price of $16.51 per ounce.
Coeur d`Alene Mines (CDE) finished today at $18.97 up 201% since I made it my speculative rating of 1 pick on March 10th at $6.30! CDE is now trading for 6.31 times sales.
If you were to value GPR at 6.31 times their potential 2010 sales of $41 million, the stock would deserve a market cap of around $258.7 million or $2.84 per share!
GPR’s production costs last quarter of $5.73 per ounce were 22% lower than CDE’s production costs of $7.37 per ounce!
Here is a link to GPR’s current quote: http://finance.yahoo.com/q?s=gpr.to and here is a link to GPR’s web site: http://www.greatpanther.com
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My firm Lebed Biz LLC has been compensated by a third-party (B&D Capital Partners) $20,000 cash for a one-month GPR investor relations contract. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to: www.lebed.biz/disclaimer.htm
Jonathan Lebed
Lebed.biz
Staff