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Gold/Mining/Energy : Silver prices
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To: Henrik who wrote (5130)5/16/2002 11:48:23 PM
From: Claude Cormier  Read Replies (2) of 8010
 
<Interested to know where from or how you arrived at "nothing economic at silver below $6.00".>

Here is a post on SSRI profitablity:

Message 15525688

The reality is that a deposit is economic only if it provides a internal rate of reteurn (IRR) that justifies going into production.... The combination of capital costs and operating costs of SSRI deposits are such that they do not provide a high enough IRR unless silver is way past $6.

This may change in the future of course, but the company has made it clear so far, that they considered their company the equivalent of a out of the money never-expiring call option waiting for higher silver prices.

Well if higher silver prices do not materialize, the premium on the call will disappear (so the stock will fall).

That is why I prefer to wait before buying SSRI. It will be a better buy with silver at $6 and trending higher, even if the stock is more pricy.
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