Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (93734)	8/14/2001 8:39:22 PM
From: Frank Pembleton	Read Replies (1) \| Respond to of 95453

Kastel, I meant holding off on Corner Bay -- I really don't have that much against them; they've got a great property. The situation I'm trying to drive home is the ability for this company to start-up this mine. With silver at a 26 year low, the who and the how for the financial arrangements aren't great. Another thing I’ve noticed about silver mining is the “zinc” factor, most notably PAA is a 50/50 producer of silver/zinc, where as SIL is 33/66. Zinc is considered a late cycle play, it’s used by the auto industry for galvanizing – demand is off and so is the price – 21% year to date. Pan American is the purest of the so-called pureplays; they also have one of the lowest costs in the industry. Also, someone with an IQ north of 170 holds close to 14% of the float, I’m sure we can place Mr. Gates in the arena of investor rather than gambler, n’est pas? After listening to PAA Q2 conference call I conclude that 3 things need to happen; China has to stop flooding the market with "off-spec" silver, more mining closures and a return of the 40:1 gold/silver ratio. The ratio should matter because silver is still being used as currency. I wrote something yesterday about the disconnect between the two, I don’t see it getting any worse but then again, -- hope, springs eternal. Message 16206525 Why Pan American? See highlights for Q2 biz.yahoo.com Regards Frank