Thursday, April 5, 2012

Huldra Silver - Keep an Eye on this One

Huldra silver is one silver stock that could be in production very soon and is a stock I would keep an eye on for 2012.

From a recent Seeking Alpha article, from author Jordan Roy-Byrne:

"There's one company that we've just begun covering that we really like. We met with management at the Prospectors and Developers Association of Canada (PDAC) conference. It's Huldra Silver Inc. (HUSIF.PK) and is going to be a new high-grade silver producer. It is expecting its final permit in April before it can go into production at its Treasure Mountain property.

 It's very well structured and also tightly held and currently has less than a $45M market cap. Once it gets going, management expects to produce 2 Moz/year. That would be very significant for this new tiny company relative to its market cap. We think there's some good near-term upside with very high leverage to rising silver prices. A move in silver above $40/oz could be a second major catalyst for Huldra Silver. Finally, the cash flow from production will enable the company to invest in developing and expanding the resource at Treasure Mountain while maintaining the share structure."

Share structure
Common Shares Issued & Outstanding 33,689,300
Warrants 9,572,662
Options 2,563,334
Fully Diluted 46,325,485

Huldra is also Chris Marchese's #1 silver stock for 2012. From the Motley Fool blogs: "Huldra Silver - This is a story that been kep under the radar for quite some time but is looking good for at least a 2-3 bagger and perhaps a core holding in ones portfolio."

Finally, according to a Pope and Company Analyst Report, these are the top 3 shareholders of Huldra:
"Management & Board of Directors ~13% Sprott Asset Management    9.6% Coeur D’Alene Mines Corp. (CDE: NYSE) 6.8%"

Very intriguing, indeed! 

I have no position in Huldra, but may initiate a position within the next 72 hours.

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