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Gold/Mining/Energy : Silver prices

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To: Claude Cormier who wrote (5116)	5/16/2002 11:19:59 AM
From: Henrik	Read Replies (2) of 8010

Pardon for butting in, but is SSRI not deserving of being included in Claude's list of stocks with significant silver exposure ? While none of Silver Standard Resources mines are currently in production the company is ready to roll as soon as higher silver prices makes it attractive to do so. From SSRI's web site: silver-standard.com "This means that each share of the company is backed by approximately 11.8 ounces of silver in all categories on a fully diluted basis" With spot silver at ~$4.62 * 11.8oz = ~$54.50 'in-the-ground-silver' per share. SSRI shares are trading around $3.47. and should provide a high leverage to future silver price increases. SSRI is cashed up with around C$22mil in working capital. silver-standard.com Another positive for SSRI is the geopolitically diversified projects. silver-standard.com Oh yes, I hold SSRI.

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