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

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

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To: russwinter who wrote (26)	4/9/2000 2:23:00 PM
From: Claude Cormier	Read Replies (1) of 165

<<The price per ounce for controlling 300 million plus ounces through SSRI at strike prices (estimated cash costs) of 5 through 10, is really nominal (maybe 50 million or 16 cents/oz @ 2 1/2).>> True. No doubt. But could it be that potential buyers are already load up with these highly leverage high costs properties. Look at Pan Amercian Silver, they already have 100-200+ millions ounces in inventory properties that need $7-10 silver before they can make sense. I think there are not too many companies that would buy these high costs play. Very few of the silver producers are making money this days (First Silver and possibly Hecla may be the only ones with a profitable silver operation). They all need low costs projects.

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