Opinion on  Coeur dAlene Mines Corp. (CDE)     Sector: Basic Materials  >  Industry: Gold & Silver
Lowest Cost Silver Producer in the World

With recent acquisitions Coeur has quietly transformed itself into the world's lowest cost silver producer.  The acquisitions have made Coeur a major player as a silver producer as additional production comes on stream in 2008 and 2009 , and beyond. 

The current correction in silver prices has brought about a substantial correction in Coeur. I would use this correction to buy Coeur in the $4.00 to $4.50 a share range.   

In my opinion, the market has not yet recognized the changes in Coeur's status into a major low cost silver producer.

Coeur d’Alene Mines Corporation (NYSE:CDE) (TSX:CDM) (ASX:CXC) stated last Decenber that the new 240 tonne per day flotation mill at the Company’s high-grade Martha silver mine in southern Argentina has begun operating with the first shipment of concentrate expected in January, 2008.

Since purchasing Martha for $2.5 million in 2002, the Company has produced over 11.5 million silver ounces from Martha and has steadily increased Martha’s proven and probable silver mineral reserves and mineral resources through an aggressive exploration program. In the first half of 2007, Martha produced approximately 1.4 million ounces of silver and as of June 30, 2007, proven and probable silver mineral reserves totaled 7.6 million ounces. This is a 25% increase compared to year-end 2006 levels.

To read the rest of the article go to: http://www.taipaninvestor.com/2007/12/20/flotation-mill-at-co...