It’s the start of a new and hopefully better year and lots of folks are coming up with ideas of where to go to make a buck. If you “Google” Motley Fool and get their top five silver picks for the year, you will find SilverCrest Mines is their number three pick. And SilverCrest announced some more tasty drill- ing results yesterday.

Why don’t we just let Christopher Barker say all know we have hopes for this story.

He writes, “From anticipated 2012 production of 2.2 million silver-equivalent ounces (SEOs), SilverCrest is reaching for a near-doubling of output within the next two years through the expansion of the company's Santa Elena mine in Mexico's Sonora state. This gold-heavy operation is in full expansion mode entering its third full year in operation, building mill capacity in advance of forthcoming production from the un- derground component of the resource and a nearby satellite deposit called Cruz de Mayo. With $47 million in cash and equivalents -- and strong strategic partners like 20% life-of- mine gold-stream holder Sandstorm Gold and 8% equity stake- holder Sprott Asset Management -- I believe SilverCrest pos- sesses uncommon financial flexibility for a company of its scale as it looks to execute growth and exploration at Santa Elena while assessing the economics of a potential second mine at La Joya.

Weighing in with an impressive inferred resource of 51 million silver ounces with very substantial gold and copper by-products , the low-grade La Joya project in Durango state will reach an important milestone during the first half of 2013 with the release of a preliminary economic assessment. A related update to the resource estimate is a touch behind schedule, but I take that as a good sign. With recent explora- tion results, including a thick 80-meter interval of mineraliza- tion at above-average grades for the deposit , I suspect the company is eager to hold the revised estimate back to include more results from the 2012 drilling campaign.

Because I anticipate sustained long-term pricing strength from all three metals targeted at La Joya, I am eager to see where the economics stand on a conceptual open pit opera- tion at La Joya based upon trailing average metal prices.

I believe this stock has the potential to double during 2013 if growth initiatives progress well and precious metal prices surge as I suspect they will. More conservatively, I'll be sur- prised if we close the year 2013 with anything less than a 50% advance from the current price.”

SilverCrest Mines