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Remember this silver mine old timers? Has been closed for almost ten years while millions of dollars have gone into R&D, shaft improvement and consolidation efforts, used to be the biggest on the continent, but was not able to keep mining silver profitably without making some much needed improvements. They are sitting on a mountain of PROVEN reserves up there. A press release is due out in March on finalized financing, and it is projected to reopen, according to CEO Steven Powel, by June/July. I have been buying quietly for 6 years, from $2.90-to .92 (US) current $1.20. I would expect the price to at the minimum, double on speculation right before the mine reopens, check out the price of silver vs. gold lately, and remember that it is a commodity, and the supply has been dwindling...any comments or arguments are appreciated. Hi Ho silver, AWAY!!!! Brian |
