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

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To: Raja who wrote (113)8/14/2001 8:15:05 PM
From: Jon Matz  Read Replies (1) of 165
 
Paul said that SSRI is economic at $6 - $8. I see that Yahoo Financial in the SSRI Profile states that they have a resource of over 300 Million ounces equivalent.

biz.yahoo.com

Perhaps this is an unlearned question, but isn't it only considered a "RESOURCE" if it's profitable to mine at the current price of silver. If true, wouldn't Pauls comment mean that SSRI has no reserves?

Curious, Jon
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