I didn'r read your post before I wrote mine under Coeur to $70, but what you are arguing has exactly been my driver to praise Wheeler.

Those mining companies that did NOT buy new properties over the last years are going to be the big losers in the future. Coeur seems to have assured production for the next 20 years and will reap all the benefits for much higher prices of gold and silver.

To be honest, I would not mind they buy some more properties in for instance Tanzania on top of those they already own over there.

Actually, the gold to silver ratio will not be so important for Coeur, since after all it will be a 40% Gold/60% Silver producer from 2010 forwards.