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Gold/Mining/Energy : Silver prices
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To: Don Rohner who wrote (1140)5/15/1998 7:59:00 AM
From: Bill Jackson  Read Replies (1) of 8010
 
Don, Shallow heap leach deposits can be mined more cheaply than underground mines, esp in warm friendly countries. Often there are gold and copper/zinc/cobalt credits to add to the mix. Look at Barricks Pierina. The large silver credit give them gold for $50 per ounce. Or the large gold credit gives them silver at $1.2 per ounce, or in between.
Thereare many areas yet unexplored for silver or gold, so I expect a long period of relative stability. Possibly the explosion of electronic cameras will kill silver based photography over the next 5 years. Possibly xerography will kill silver based X-rays as well. Perhaps not.

Bill
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