Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (43094)	12/1/2000 7:23:47 PM
From: S. maltophilia	Read Replies (1) of 436258

<< ABX is btw. a huge shorter of silver too...their silver short position could destroy them if the whackiest predictions for prices come true. >> About 28000 posts ago I responded to a similar comment, Do you have any fresher info?As of 12/99 they were short 14MM oz:: Message 14288869 re:ABX silver forward selling--- sedar.com. Development and Operating Plan Based on engineering work done to date, the Phases I and II of the [Pascua-Lima]mine are expected to produce 900,000 ounces of gold annually for the first ten years (average of 840,000 ounces annually over life-of-mine) and 37 million ounces of silver annually for the first ten years (average of 28 million ounces life-of-mine)..... I think they can handle the addition of 6 million ounces of silver to the hedge. I haven't found the total silver production as yet, but the above is only one mine.

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