Silver Investors Could Make a Fortune!
Billionaire Eric Sprott and other top gold analysts predict that silver will dramatically outperform the yellow metal.
Insiders own 50% of the company!
Silver mining giant, Silver Standard Resources, has taken an 8% stake!
And one recently-revealed event could make an epic winner!
Silver verging on a major breakout… a deeply undervalued company with a huge silver project… close ties to a major mining partner… extreme insider ownership… and a major catalyst to drive it all.
It’s one of the best I’ve ever seen… And it all starts with silver. Silver, I believe, is about to surge higher. The recent jump from $14 to $17 is just the start of a major and overdue uptrend.
You see, 80% of silver comes as a byproduct of zinc, lead, and copper mines… The prices of those base metals are down big, and the mines that produce them are suffering badly. These mines are getting shut down around the world.
There’s just not enough demand for base metals prices to keep them open. And when they close, the silver production that comes along with them closes up, too. Simply put, silver supplies are set to nose-dive over the next 18 to 24 months.
Meanwhile, silver demand keeps climbing.
- Silver demand hit 963 million ounces last year.
- Silver production was only 877 million ounces.
- This year, with silver set to rise again to 1.1 billion ounce and supply constrained, silver prices could soar.
This is important to understand.
- Unlike most other commodities, silver demand is RISING while supply is FALLING.
- Silver prices don’t just have to go up… They could explode any month now.
- This is where I see an enormous opportunity for both investors in physical silver and the mining shares that are pure silver plays!
- And it’s why I’m glad you’re learning about Golden Arrow Resources (GRG) right now.
It truly is a “back up the truck” scenario if there ever was one.
- Golden Arrow Resources is perfectly positioned to ride the coming silver bull.
- Golden Arrow is an advanced-stage silver exploration and development company that is on the verge of becoming a producing silver stock, with a very high probability of producing in 2017.
Insiders Have Bought in Big (They Own 50%)
There are no “sure things” in life, but I’m impressed at comments from mining giant Silver Standard, which has all but declared that it will make a move to combine with Golden Arrow. Silver Standard needs new streams of ore to feed its smelter at Pirquitas, Argentina, and Golden Arrow is located about 25 miles away. There’s a near-natural fit here.
Golden Arrow is building into something truly special… and it’s all driven by Joe Grosso. In my opinion, you’d be hard-pressed to find a more serious group of mining experts than Joe Grosso and his team. The Grosso Group has made 3 major discoveries, and will use Golden Arrow Resources to make a 4th.
- He has been recognized as an influential person in the mining industry by Argentina!
- He knows silver, the mining business, and has specifically been involved in mining projects in Argentina since 1993.
- Joe is even friends with Argentina’s new President, who ran on a pro-mining platform!
- Grosso and his associates are eating their own cooking on this, too. Insider filings show management and family hold 50% of Golden Arrow!
Silver Standard signed an agreement to invest $12 million into Golden Arrow’s flagship silver project. It’s a big vote of confidence from a world-leading silver miner. The money is good for Golden Arrow to have, too - especially at the critical juncture in its development. But I believe the investment is part of a much bigger plan.
Earlier this year, at the European Gold Forum, in Zurich, Silver Standard’s president warned that one of its big mines in Argentina was going to be exhausted in 2017. He cited a “growth opportunity” to offset the production decline from that mine by exercising an option to take a 75% stake in Golden Arrow’s Chinchillas silver deposit.
According to Silver Standard in a recent webcast, they are working towards a new mine by the end of this year and Golden Arrow’s Chinchillas mine is their only option, other than walking away from hundreds of millions of dollars in infrastructure at their exhausted Pirquitas project, which is at the end of its mining life.
It’s a Natural Fit
Chinchillas is big. It has an estimated resource of 155 million ounces of silver equivalent (measured/indicated) and an additional 90 million ounces of silver equivalent (inferred). Chinchillas is also just 30km (18 miles) away. If this deal goes through, Golden Arrow would maintain a 25% ownership stake, the cash flows that accrue from that stake, and the costs and headaches of mining turned over to a leading silver mining company.
It’s a Win-Win
And it’s only a matter of (not much) time before we see how it all plays out. In that presentation in Zurich, Silver Standard’s president said he expected a decision on Golden Arrow within the second half of 2016. In other words, a decision is coming as early as July. And if that decision comes, Golden Arrow is going much higher.
However, I told you earlier this is the “back up the truck” opportunity I’ve been waiting on for years. Well, there’s still more. Golden Arrow has even more than just a potential deal with a silver mining giant…
The majority of Golden Arrow’s property also remains unexplored!
In fact, only 25% of Golden Arrow’s property has actually been explored, and the upside that exists in future discoveries could be game-changers for early shareholders.
There is excellent potential for more resources at the Chinchillas project, with blue-sky potential. Silver, in our opinion, is going to outperform gold, and the shares, according to people like Rick Rule and Eric Sprott, should outperform the metal by 5 to 10x.
Silver Standard is expected to finalize their partnership by the end of this year, and already we are seeing this small silver stock move at 5x the rate of the silver price.
I expect this to be a major winner for investors.
Chief Editor, CrushTheStreet.com
Editor’s Note: At a recent investor conference, with legendary investor Rick Rule as a keynote, I was shocked when I heard him disclose that of all the silver mining companies, GRG was one that he was buying.
Rick, for anyone who has ever seen his talks, does not easily offer up stock picks from the podium. I think this speaks to the quality of the project and people inside this company. By the way, the conference I am referring to was Rick's own conference, the Sprott Natural Resource Conference, in Vancouver.
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