J
Taylor’s
WWW.MININGSTOCKS.COM
&
T e c h n o l o g y S t o c k s
Weekly Hotline
Message
(Now in our 25th Year)
July
12, 2007
Company Review
Great Panther Resources Ltd.
Al Korelin and I
recently interviewed President Bob Archer. We would urge you to watch this
video for a detailed account of this new silver producer’s plans.
Following are some of the points made by Mr. Archer in our discussion with him:
·
The company put two Mexican silver
mines into production in 2006. They were the only company, at least in
·
At the Guanajuato Mine, a new
silver-gold zone was found and gold values ranged up to 23.4 grams gold/tonne
over 2.4 meters. These zones are sub parallel and occur within 70 meters of the
main Veta Madre Zone. With several zones within close proximity, it is believed
this will significantly lower their development costs. Access to this
underground wealth should be possible via a ramp.
·
Startup production has been small.
From both mines a total of 318,000 ounces of silver were produced during the
first quarter, at a cost of about $7 per ounce. The cost of production
should decline markedly in the quarters to come, as milling capacity and mining
capacity are increasing. This should hold true from both of the company’s
existing mines. We would expect this company to become profitable this year.
·
Longer term, both of the existing
two producers have very considerable exploration potential, so it isn’t
possible at this juncture to say how large they may become. But longer term, a
very exciting project is the Mapimi gold-silver-lead-zinc project. Here there
are at least two and possibly three major mineralized structures with a strike
length of 1½ kilometers. Geologically speaking, Bob Archer compared the Mapimi
with the world-class Peñasquito Property, located in the mining state of
We are quite happy to have Great Panther remain on our
list as an “A” progress company. It has production that should turn
profitable this year. It has cash flow from that production, and it has
enormous upside potential on various projects. Most importantly, it has an excellent
management team that has both exploration expertise and production experience.
We like the chances of this company’s pulling up the overall performance
of our “A” progress group this year and perhaps several years into
the future.
J
Taylor’s Gold & Technology Stocks (JTGTS), is published monthly as a copyright
publication of Taylor Hard Money Advisors,
Inc. (THMA), Tel.: (718) 457-1426.
Website: www.miningstocks.com. THMA provides
investment ideas solely on a paid subscription basis. Companies are selected
for presentation in JTGTS strictly on their merits as perceived by THMA. No fee
is charged to the company for inclusion. The currency used in this publication
is the U.S. dollar unless otherwise noted. The material contained herein is
solely for information purposes. Readers are encouraged to conduct their own
research and due diligence, and/or obtain professional advice. The information
contained herein is based on sources, which the publisher believes to be
reliable, but is not guaranteed to be accurate, and does not purport to be a
complete statement or summary of the available information. Any opinions
expressed are subject to change without notice. The editor, his family and
associates and THMA are not responsible for errors or omissions. They may from
time to time have a position in the securities of the companies mentioned
herein. No statement or expression of any opinions contained in this report
constitutes an offer to buy or sell the shares of the company mentioned
above. Under copyright law, and upon their request companies mentioned in
JTGTS, from time to time pay THMA a fee of $500 per page for the right to
reprint articles that are otherwise restricted solely for the benefit of paid
subscribers to JTGTS.
To
Subscribe to J
http://www.miningstocks.com/select/gold
Reg Advocaat
Manager Corporate Development
Great Panther Resources Ltd.
Suite
Ph: 604-608-1766
Fax: 604-608-1744
E-mail: radvocaat@greatpanther.com
Website: www.greatpanther.com