Wildcat Silver Looks like a Winner

Midas Letter (03/17/2010)
"When a company like Wildcat Silver Corp. comes along, I don't need to spend a lot of time running around researching the pasts of the directors or developing a sense of future prospects. That's because with one look at the management team, I can rest easy knowing that I'm looking at a winner.

Power People

Chris Jones, the president, is not exactly a household word – even in mining circles. But he has a 25 year track record in underground coal, precious metals and oil sands mining that suggests the depth and breadth of experience required to profitably operate such mines.

But the people who surround him in terms of major investors, board members, and fellow management are where the writing on the wall for the future of Wildcat is found.

Richard Warcke, the chairman, is possibly the junior investment world's Most Valuable Player of the last year,

And most recently, the company hired Paul Ireland, Ventana's CFO, who will now do double duty as Wildcat's CFO.

So there's a team here that doesn't just create successful companies—they consistently launch investment superstars. The presence of these guys alone justifies a substantial valuation, in my book.

Property Power

The flagship is the company's 80% owned Hardshell Property 80 kilometers southeast of Tucson, Arizona.

Wildcat published an updated mineral resource estimate in early 2010, which increased the size of the resource and upgraded a significant portion to the indicated category. Hardshell is now estimated to contain an indicated resource of 42.7 million ounces of silver and 1.3 billion pounds of manganese, plus an inferred resource of 37.7 million ounces of silver and 2.5 billion pounds of manganese.

Considering the current market cap of about CA$30 Million, it's not a stretch to say this is a company flying very much underneath the radar of the investing public.

This is a project that is very much in the planning stages for mining, and the people behind this project should not be underestimated. At $0.29, this company, in my humble opinion, is a steal."

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