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Gold/Mining/Energy : Silver Bull Resources, Inc.
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To: jack102son who wrote (2072)7/24/2008 8:00:30 PM
From: jackjc  Read Replies (2) of 5637
 
<Chinese; mine at loss> No, the smelters lose money below 1.00
Zn, gov does not reimburse.

And steel use is soaring with huge price jumps. Chinese are only galvanizing 5% of their steel vs 25% in Western mkts. They will need all the
Zinc they can get to get long life use of their steel in many apps.

<Surplus No's huge> Those numbers are provided by firms servicing the users primarily. The projected mines keep getting delayed but are kept on the books as viable. The cutbacks this wk alone are more than the small LME 1% surplus of the past yr.

<$500-800M for the mine> The conc option only would need very roughly $100M and similar sums have been raised recently by several jrs through silver sales. Little or no dilution is possible.
Just need solid figures from the eng firms to work from, then decide the best approach.

Not impossible at all, equally difficult for the competition most of which don't have up front byproduct sale capability.

It is widely agreed more Zn production is needed from couple yrs on. Possible MMG production would be 2-3 yrs away, excellent timing. And mines are planned for 10-15 yr use minimum. It is the Zn need and price over that time frame that counts, and the relative calculated profitability to get a mine started vs another.

We need top quartile fease numbers, and silver production can be part of the equation. Time will tell.

The stock price is in the toilet with other Zn jrs, no better or worse.
To differentiate will take continued good operational work and advancement of both Zinc and silver projects.

Wildly changing costs of every type make it difficult to get required fease accuracy of 10-15% for all jrs completing fease.
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