Sunshine Mining at Rock bottom? Message Board

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Gold/Mining/Energy : Sunshine Mining at Rock bottom?

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To: Richard Mazzarella who wrote (148)	8/16/1999 10:06:00 AM
From: Claude Cormier	Read Replies (1) of 167

Like for gold, the value per ounce in the ground varies a lot. In some case $0.25 would be appropriate, in other $0.50 will be or more given current silver prices near $5. A deposit that has a low cost structure below $1.50 is certainly worth more than one with a projected cost of US$2.50. Because of the debt SSC has on its book and despite the great characteristics of Pirquitas, I would lean toward a value below $0.50. But again we are dealing with the balance sheet here more than the silver deposits. Who knows if they will be able to improved it in the next 6 months. A situation to watch.

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