15:40:03 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Great Panther Silver Ltd
Symbol GPR
Shares Issued 141,712,605
Close 2016-02-08 C$ 0.78
Market Cap C$ 110,535,832
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Lundin refreshes Great Panther buy

2016-02-08 21:23 ET - In the News

Brien Lundin, in the February, 2016, edition of the Gold Newsletter, refreshes his buy of Great Panther Silver Ltd., recently 63 cents. Mr. Lundin said buy 13 times from October, 2005, to September, 2015, at prices ranging from 21 cents to $2. A $1,000 investment for each of the 13 buys is now worth $10,601. Mr. Lundin is intrigued by Great Panther's drilling results at its Guadalupe de los Reyes project in Mexico, which it optioned last year from Vista Gold. Recent highlights include 5.3 metres of 3.76 grams per tonne gold and 171 g/t silver (at the Guadalupe Central zone), 0.2 metres of 11.28 g/t gold and 212 g/t silver (Noche Buena zone), 2.07 metres of 8.91 g/t gold and 1,005 g/t silver (San Miguel zone), and nine metres of 4.44 g/t gold and 37 g/t silver (Zapote zone). Great Panther is combining these results with historical data to build an internal economic evaluation. It will use that evaluation to guide its decision on whether to pursue work at the project by making a $1.5-million (U.S.) option payment to Vista Gold, due by Feb. 15, 2016. Mr. Lundin expects Great Panther to make the payment and continue work. He concludes that the stock is attractively priced at current levels and remains a buy.

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