Today I took a position in ECU Silver-ECU.to. The stock was trading north of $1.00 in early April and a 52wk high of $1.45. The stock recently took a beating due to the correction/sell off in silver prices making this stock an opportunity buy. The stock came down to .63 just a few days ago and is now trading at .75cents so, we are seeing a slight recovery. I see value in this silver play and believe the sell off in silver is just about over. They have 2 operating mills -820tpd production and a resource of 430mil.silver eq.oz's. ECU will eventually be a multi-million oz. silver producer. I can see them producing aprox. 5mil.oz of silver in the near future. As the company keeps drilling their projects to increase their resource we could eventually see a company with 1bil. silver eq.oz's resource. This is one company who could be on the take-over radar and the stock should also recover as silver prices strenghten again.

The company was mentioned on BNN today: http://watch.bnn.ca/#clip463471