http://www.goldsilverdata.com/company/310-Minco-Silver-Corp.html

Minco Silver is highly undervalued. Especially for a company that is close to building their first mine (construction should begin in 2017). They have a large high grade deposit (150 million oz and growing) that is an anomaly. It is high grade at 6 opt and is near surface. Thus, it will be a low cost / high profit mine. The cash flow could be amazing once production begins at 5.5 million oz, and then they will continue to ramp up production to perhaps 7 million oz. Fuwan is a 45,000 acre property with a 6 mile strike length.

The feasibility study calls for 3,000 tpd (5.5 million oz annually) and a capex of only $73 million. That is the lowest capex I have seen for a 3,000 tpd mine. They have $62 million in cash and investments, so financing will be easy. All they need are two final permits: the environmental impact and mining.

The only thing not to like about this stock is the location (China), which could keep investors away. But even in China, this stock should be a 10+ bagger at higher silver prices. They have a $25 million fully diluted market cap, which is ridiculously low. They had a stock price of $6 in 2011 and now it is down to .36 cents.

As a speculation stock, this is a good one. Buying silver in the ground for 24 cents an oz, for a company that thinks they might have another 150 million oz of silver on their 45,000 acre property, is a good bet. I think this stock has 25 bagger potential. If it was in Canada, it would have 50 bagger potential.