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Gold/Mining/Energy : Silver prices
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To: TheBusDriver who wrote (4947)4/25/2002 9:33:18 PM
From: goldsheet  Read Replies (2) of 8010
 
Looks like I'm going to continue disagree with the Silver Institute (again) who thinks the gap is going to be 100moz in 2002, because more quarterly production reports keep coming out.

BHP Billiton reported 11.073moz of Q1-02 silver production, which is up 20% from Q4-01 (9.209moz), and up 62% from Q1-01 (6.824moz) At this rate, they could produce as much as 44moz in 2002 versus 33moz in 2001, 11moz is a substantial amount.

This continues to lead me to conclude the gap with shrink to maybe 50moz or less in 2002 and we might be in surplus in a few years.

REF: bhpbilliton.com
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