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: Stephen O who wrote (138)	12/26/2001 12:34:55 PM
From: Claude Cormier	Read Replies (1) of 165

Stephen, None of SSRI projects have a net asset value because, according to the company, none are economic at silver prices below $6-$7. That is why the company is calling itself a perpetual call on silver. For now the call is out-of-the-money and the price of the stock is all premium. SSRI's strategy will pay off big time if silver moves to $7-$10, but the stock will eventually go to $0.25-$0.50 if silver never makes it above $6.00 IMO the SSRI strategy of continuously diluting their stock to acquire high cost projects is very dangerous for its shareholders.

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