Lebed.biz Alert – GPR astonishing news after the close!
Sep 17th, 2009 by beststockreport
Great Panther Resources (TSX: GPR) just released astonishing news after the close!
GPR announced plans to rapidly increase their silver equivalent production from 2.1 million ounces in 2009, to 2.5 million ounces in 2010, to 3 million ounces in 2011 and 3.8 million ounces in 2012!
Not only that, but GPR announced they expect to continue reducing their cash production costs from existing levels towards only $4 per ounce!
Imagine if GPR produces 3.8 million ounces of silver in 2012! With silver now at $17.42 per ounce, that equals potential revenues of $66.2 million!
Imagine if GPR gets production costs down to $4 per ounce, gross profits would have the potential to reach $50.1 million in 2012 based on the current price of silver!
Of course, I believe silver mania is just getting started and it wouldn’t surprise me to see silver above $100 per ounce in 2012!
GPR, at its current price of $0.97, has a market cap of only $88 million! GPR is my #1 silver pick for the next decade!
Here is a link to the press release just out: http://finance.yahoo.com/news/Great-Panther-Announces-New-iw-1139070421.html?x=0&.v=1
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