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

To: Larry S. who wrote (2320)	11/15/1999 1:47:00 AM
From: ForYourEyesOnly	Read Replies (1) \| Respond to of 8010

Thanks. I have a quick comment: "Notwithstanding lackluster prices, silver mines are quite profitable at current levels, with total costs in the mid-$4 range. To lock in profit margins, Beaty says that "50 million ounces, or 10% of world mine supply, has come onto the market this year in the form of forward sales." How much of global silver is produced by "silver mines"? I don't have the raw data, but I think most of it is produced as a byproduct....not by "silver mines." I would guess that forward sales will be bullish long-term, as eventually the metal must be returned. Cheers, THC