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Gold/Mining/Energy : Silver prices

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To: Claude Cormier who wrote (1922)	6/23/1999 3:04:00 PM
From: Alan Whirlwind	Read Replies (1) of 8010

Isn't FSR exposed to Russian holdings? After the implosion of Goldbelt and other mining plays trying to take advantage of the break up of the former Soviet Union I'm wary of any company operating/exploring there. UKH I also like as a speculation, however I've just averaged down and it isn't mining anything at the moment. PTHR (now PHLM) was a penny silver play that just changed focus to internet related content, shelving their mine until/unless metals prices recovers. Congress just voted down measures to protect the US from steel dumping on our markets. The near-term destruction of the mining industry is almost complete. Should metals prices rebound substantially, where will the mines be to fill the demand? If a guy happens to own a mining play not yet run into the ground when metals turn, a pile of money can be made. Until then all we have is a pile of uneconomical tailings in a industry nearing bankruptcy.

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