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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: loantech who wrote (41872)6/5/2007 12:45:17 PM
From: koan  Read Replies (2) of 78417
 
I hate to tell you this slan (grin-lol); but USA, given the high costs of production, but also high quantity of silver and almost infinite blue sky, gives USA great leverage to the price of silver.

This is sort of like wts-lol. High cost producers are a leverage play in a bull market.

If one sees silver really start to smoke, then USA would be the perfect silver company to buy as it will rise faster than other silver companies as the cost of production diminishes and profits rise geometrically, as the price rises.

For example, if it costs $10 an oz to produce the silver and silver is $14, if silver then goes to $22, then although the price of silver only rises 63% ($8), the profits rise 300% from $4 to $12.

At $30 silver I would expect USA to blow right past GGC-lol.

I am a lot more interested in USA silver now-lol.
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