"pure is 85% silver, 15% gold" misses the key issue
seems like you need a firm yardstick here
name me a single mining firm that is 100% either gold or silver
gold and silver are each co-produced by almost every producer
lead, zinc, copper are the primaries
as for whether they will revive visavis primary price rise, dunno
my guess is the econ recovery will build up prices of lead, zinc, copper
then crude oil will continue marching northward
and fuel widespread price rises
which will generate gold & silver price movement
when currencies show more pain, esp US$, watch gold !!!
gold/silver rose in EVERY past war
because regardless of "REDRAWN BORDERS, NEW LEADERS", gold will prevail
gold has outlasted every world dictator who ever lived
Apex is 100% silver by your loose (implied) definition
the rest of its output is huge zinc
check your favorite PM stock
then look to see tons of zinc, or tons of lead, or tons of copper
combined in production with 1000's oz of gold or silver
Apex is no different from other mining firms
their byproduct is zinc
name another, and we will check its byproduct
last night I pulled out my old HighSchool Advanced Chemistry textbook
observed how in its special column were COPPER, SILVER, GOLD
no wonder they are each perfect in their world
they also benefit from a new Cyanide process that enables high production of each
way cool
nice close on SIL, gonna be tough few days
/ jim |
