> With all due respect, PAAS is not a "pure play silver stock",
> as they also produce a rather large amount of lead(Pb).
In that case, there is no such thing as a pure play silver stock,
since silver ores are typically found along with lead and zinc.
Actually, PAAS actually produces much more zinc than lead, and zinc
is worth twice as much as lead so it contribute much more to revenues.
Check the 6 months to date numbers at their website;
panamericansilver.com
Silver 1,421,601 ounces @ 4.82/oz
Zinc 11,145 tonnes .46/lb
Lead 3,266 tonnes .23/lb
My primary point was to avoid firms such as Hecla and Couer d'Alene,
which produce large amounts of gold, since they are definitely NOT
pure silver plays.
Also, the biggest silver producers in the world are folks like Rio
Tinto, Freeport, Homestake, Echo Bay, TVX, and Buenaventura -
definitely not pur silver plays. |
