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

To: goldsheet who wrote (4459)	1/14/2002 8:54:33 AM
From: marynell	Read Replies (1) \| Respond to of 8010

To Bob Johnson about scrap: Certainly there is a huge "resource" available for the scrap companies, but how do they have leverage to the price of the metal? Unlike a mine, a scrap company must pay the current market price, minus some small percentage, for the metal. The miner's cost do not fluctuate with the metal. Can you explain what you mean? Thanks,

To: goldsheet who wrote (4459)	1/15/2002 12:52:09 AM
From: IngotWeTrust	Read Replies (1) \| Respond to of 8010

Thanks, Bob! And was that Gold Field Mineral Svcs data? From their May annual released each year? I just want to make the correct attribution on my website and the 7th reprint of my book currently at the printers for final galleys. BTW, I enjoyed the women in mining link...cool... And, I also enjoyed the addition of recyclers to your list. May I make one correction? Pease and Curren is out of business and has been for over a year. Might want to check that out. And when I clicked on your Pease & Curren hyperlink, it took me to an error "didn't exist" Netscape popup. Thanks, again Bob for the information. Would you know if the Silver Institute releases similar scrap data on an annual basis as well? Want to lay 5 or 6 years worth of official above ground scrap estimates from their records on this thread for the benefit of those who track such statistics and want to keep them close by in some spreadsheet? Thanks again.

To: goldsheet who wrote (4459)	1/15/2002 12:56:47 AM
From: IngotWeTrust	Read Replies (2) \| Respond to of 8010

Oh, and I meant to compliment you on your conclusion: Quote:Scrap is the best "goldmine" in the world, reserves of maybe 1 billion ounces, production of 18+ million ounces, and a ore grade from 14-24 karat Afraid you'll have to put 10K as the lower perameter, tho', Bob. But since copper and nickel make up the balance of recycling 10K scrap, it's back to your "regular" mining analogy of silver and gold being just sidelines to copper mining<grin> gold_tutor