SSRIF Silver Standard Resources Message Board

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Gold/Mining/Energy : SSRIF Silver Standard Resources

SSO 112.64

-2.2%

Nov 6 4:00 PM EST

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To: Gord who wrote (79)	6/18/1997 10:24:00 PM
From: posthumousone	of 403

Silver Standard (SSO on the VSE and SSRIF on Nasdaq) is also a pure Canadian Silver play which has as one of its shareholders, the large canadian corporation Teck Corp. Silver Standard has a current market capitalization of C$78M or ($US 56) so it has approximetely 33% of PAA's market cap. It has also C$15M in cash, which is 25% of its market cap. Its silver resources are larger than PAA relative their respective market caps: Does this statement indicate that I higher price of silver would have a greater impact on SSRIF than PAASF?? Can you define the the term market cap. Should it be compared with how much cash a company has?? The # 56M means nothing to me. Can you relate that to a successful company market cap? Does it matter which exchange you trade it on???? Are the price moves on the 2 exchnages identical?? As you can see, Silver Standard is also getting ready for higher silver prices and could become a larger producer than Pan American Silver if Lunnoe comes into production next year. SSO's plans are to acquire in-ground silver resources of at least 250 millions ounces by the end of 1997 and, if silver prices indicate profitable production, to become a significant producer by 1999. We are have way thru 1997...how many ounces do they have so far? Do any mutual funds own SSRIF...what are the chances they would purchase some if the price of silver rises dramatically They started the year 1996 with 11.4 mil and ended with 14.3M...however 10.9M came from exercising warrants.........does that mean without the exercising they would have been exteremly cash poor???? Without a warrant redemption this year and not producing anything wouldn't it mean with their current burn rate that they would run out of cash by the years end??? Will the proposed 10M financing dilute shareholder value?

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