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Gold/Mining/Energy : Silver Standard Resources Inc. NSC: SSRI CVE: SSO

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To: russwinter who wrote (30)4/9/2000 4:26:00 PM
From: Claude Cormier   of 165
 
<<Are you aware of any others?>>

There are very few indeed. Two come to my mind.

Pirquitas, owned by Sunshine, is a great deposit. But here the problem is SSC financial health. It makes it a high risk. Until the situation is settled, I am watching.

Next, Yamana (YRI) has one very low cost, very high grade deposit in south America. But they have yet to build enough tonnage to make it a world class deposit.

I would also watch very closely First Reserve. They are currentlt pushing forward a drift into their mountain of silver towars the junction of 3 mineralized high grade silver veins. Who knows what they will find there. They have only 14 millions ounces of 9 opt silver in reserves, but this could go up by a multiple if their "El Banco" concept is verified. (They have named this junction "El Banco" for obvious reasons).

Of course, there is also La Colorada, but this is already owned by Pan American Silver. And I agree with your comments on SSRI.
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