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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (1922)	6/23/1999 3:04:00 PM
From: Alan Whirlwind	Read Replies (1) \| Respond to of 8010

Isn't FSR exposed to Russian holdings? After the implosion of Goldbelt and other mining plays trying to take advantage of the break up of the former Soviet Union I'm wary of any company operating/exploring there. UKH I also like as a speculation, however I've just averaged down and it isn't mining anything at the moment. PTHR (now PHLM) was a penny silver play that just changed focus to internet related content, shelving their mine until/unless metals prices recovers. Congress just voted down measures to protect the US from steel dumping on our markets. The near-term destruction of the mining industry is almost complete. Should metals prices rebound substantially, where will the mines be to fill the demand? If a guy happens to own a mining play not yet run into the ground when metals turn, a pile of money can be made. Until then all we have is a pile of uneconomical tailings in a industry nearing bankruptcy.

To: Claude Cormier who wrote (1922)	6/24/1999 6:31:00 AM
From: Jaakko	Read Replies (1) \| Respond to of 8010

I've got some shs in BAY...I understand they are drilling for silver but I doubt they are in production.... I'm looking for shut-down silver producers that due to POS being so low can't make a buck... Buying shs in those producers for pennies is a leveraged way of participating in the recovery of POS.....and a better way IMHO than buying options on the metal or stock because the options have an EXPIRY date and can go worthles.... so can the penny mines, will some one say, but at least they don't have a set date for that... you have to try to verify their financial status, management etc. and assess the risk vs. buying-price of shs and potential capital gain (or loss)... Does anyone have any suggestions as to this category former silver producers?