First Silver(v.fsr) Message Board

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Gold/Mining/Energy : First Silver(v.fsr)

FSR 209.01

+1.4%

Apr 11 5:00 PM EST

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To: Michael Warren who wrote ()	4/7/2000 6:07:00 AM
From: Raja	Read Replies (1) of 193

Some replies from FSR re: current situation. I believe one can't do too badly if investing now in FSR, does anybody agree? [COPIED FROM STOCKHOUSE BOARD] Dear Sir, >In reply to your enquiries: 1. Stock performance vs peers Stock Price Dec. 10/99 Price Apr. 5/00 Apex Silver US$12 5/16 US$9.13 Coeur d'Alene US$3 9/16 US$2.94 First Silver C$0.66 C$0.67 Hecla US$1 5/8 US$1.44 Pan American US$5 5/16 US$3.75 Silver Standard US$1 17/64 US$1.31 Sunshine Mining US$1 3/8 US$0.69 Spot silver US$5.10 US$5.18 As you can see, virtually all of the "peer group" stocks have declined 2.When are the financial reports going to be released? - As soon as possible. We are expecting audited numbers any day, which will form the basis of a news release on 1999 financial performance and production. > 3. "Flat lining" is a typically used in medical circles to indicate a nil ECG record ie. a dead patient. First Silver is not dead. Production is ahead of last year. Progress on the exploration drift has been slowed by poor ground conditions. When we have a more definitive report on exploration results we will swiftly report it. 4. We too think that the First Silver stock price is highly leveraged to the price of Silver. In the last month, the price of silver has declined. > 5.What is First Silver doing presently to increase shareholder value? Mining is not a glamorous industry and has been virtually ignored by traders intent on the dotcom market. First Silver has an enviable record of profitable operations and is continuing to do those things which make it profitable, including: - purchasing new trucks and equipment to increase production - setting up a mill flotation circuit to extract zinc concentrates - continuing with the El Banco exploration drift and employing specialist consultants to guide in the direction of the drift - planning for new mine access and mill construction - acquiring new mining properties in Mexico - conducting systematic in-mine exploration to increase ore reserves All of these activities will assist the company in producing silver profitably in the future. I hope that we have answered your questions. Yours truly, First Silver Reserve Inc. Per: "Len Brownlie" Director and Corporate Secretary

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