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Gold/Mining/Energy : Sunshine Mining at Rock bottom?
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To: Robert J Mullenbach who wrote (42)3/26/1997 10:34:00 PM
From: John Swallow   of 167
 
Robert,
This little correction in the VSE may bring some investors back to the more stable or established companies, i.e. Hecla, Barrick,Homestake... and may actually help out SSC a little. Its amazing what a little rise in silver can do for the bottom line. I read a while ago (and stated here earlier) that something like a .10 move in silver can equate to $600k change in the bottom line at Hecla. I asked SSC about it but they wouldn't say much at that time. And you're right, with a little higher metals prices they would probably talk to anyone who would listen. I saw an article today that was put out by the Silver Institute about supply/demand; basically it was the same as usual, higher demand/little supply... Lets hope Bre-X didn't scare people out of every mining stock.
Good Luck tomorrow,
John
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