Silver Standard Resources Inc. NSC: SSRI CVE: SSO Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Richard Mazzarella who wrote (6)	3/29/2000 9:43:00 AM
From: Claude Cormier	Read Replies (1) of 165

<<12.5 ounces of silver per share>> These are the geological resources. BAY has 10.4 ounces per shares or so. But...what counts is the silver than can be recovered. Both BAY and SSRI have approximately 6 ounces of recoverable silver per share. So they compare very well on that level. (Note that by the end of the 2ndQ, BAY will likely be at 8-9, possibly a lot more). SSRI's silver is in 4 deposits, therefore distributing the risks..which is very good. BAY's silver is in one deposit in Mexico. OTOH, SSRI's silver is much higher costs than BAY and needs higher silver prices to attain same profitability. CAPEX for SSRI projects (as they are currently forecasted) are higher (except for Candelaria), than CAPEX for BAY and that is why their return on investment is lower. BAY's IRR on Alalamo Dorado is likely to be above 50% at silver $5.25. I will buy SSRI as soon as silver prices gets going. I am buying BAY now. Just for the sake of comparison, you just read about SSRI drill holes at Candelaria, here are some drill holes at Alamo Dorado: 460 feet of 4.6 opt silver 735 feet of 4.3 opt silver 1000 feet+ of 2.6 opt silver and so on... <<That's $10*/current_share_price $US for SSRI.>> I am not sure what you mean. How do you calculate that? BAY is now selling at $C2.40 or US$1.65. BAY has 11.5M shares fully diluted. SSRI has 23M shares out.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next