Lundin says hold Great Panther

2014-07-30 16:33 ET - In the News

Brien Lundin, in the July, 2014, edition of the Gold Newsletter, says hold Great Panther Silver Corp., recently $1.51. Mr. Lundin said buy Great Panther 12 times between October, 2005, and June, 2014, at prices ranging from 21 cents to $2. Assuming a $1,000 investment for each of the 12 buys, the $12,000 position is now worth $22,450. The company recently released updated resource estimates for its Topia and San Ignacio silver-gold projects in Mexico. Topia now has 8.19 million silver-equivalent ounces in the measured and indicated category, and 8.56 million silver-equivalent ounces in the inferred category. At San Ignacio, the new estimate includes 1.25 million silver-equivalent ounces in the indicated category and 5.65 million silver-equivalent ounces in the inferred category. The newsletter editor says these estimates are a reminder that Great Panther still has a large inventory of silver and gold available to mine in the upcoming years. He concludes that if the precious metals markets continue to improve, he will change his hold recommendation back to a buy.