Great Panther Back on Our List

J. Taylor's Gold, Energy & Tech Stocks (06/19/2009)
"During the first quarter of this year, Great Panther reported positive cash flow from operations. That, combined with its low per-ounce operating costs and upside potential from its Mapimi Project, gave us the incentive for putting Great Panther back on our list.

Last fall's plunging metals prices have not sidetracked President and CEO Bob Archer and his team from progressing their silver mines toward profitable production. Talk is easy and cheap. Putting a mine into production is difficult. Making money in that endeavor is even harder. Archer's Great Panther seems to be on its way to succeeding on both scores. And having what may be the lowest-cost silver producer in Mexico, one of the largest silver-producing countries in the world, provides the basis for recommending purchase of Great Panther again.

Because we view silver as more of an inflation play than a deflation play, we are going to list it among our inflation plays in our scorecard. We expect to continue monitoring the progress of this company and report back to you from week to week in this weekly publication as Great Panther moves toward, and we think somewhat beyond, 2 million ounces of silver equivalent production in 2009. Upside profit potential from rising silver prices and longer term from prospects of moving the Mapimi Mine toward production could provide the basis for a much higher share price for Great Panther."

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