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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (49542)	4/4/2002 6:51:56 PM
From: Clappy	Read Replies (1) \| Respond to of 65232

there are a few better choices than SIL. Is PAAS on that list? What else is a better leveraged silver play tha SIL in your opinion?

To: Claude Cormier who wrote (49542)	4/5/2002 9:50:57 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

I hear you, Claude, zinc is big item for Apex the total silver reserves for Apex dward most mining firms of course they have massive zinc I seriously doubt Bay has 100% gold & silver nobody does silver is mined with copper, zinc, lead in 99% of cases and the pure cases are long drained, mostly Mexico this is one area I am still learning the financial side and its interrelationships are more my expertise now here is the twist and new phenomenon I see coming the recession has seriously cut down almost all mining operations zinc and lead are each down something like 40% in price since 1999, maybe more so many mines are shut down, and with them their silver production this has led to the annual shortfall of 150 moz silver soon with currency crises, coming of inflation, and international war tensions, gold will be moving into short squeezes and getting much attention silver will tag along soon the silver will be viewed as far more important than the zinc in Apex mines it will be viewed as far more important than lead in other company mines meanwhile, a financial force is at work heavily now most mining firms are fighting to survive amidst the severe pressure from both the recession and precious metal price suppression Apex Silver was set up with very deep pockets PanAmerican Silver recently needed a near desperate infusion of funds to continue they got it though Apex has never been at risk Bay may be a nice more pure silver play but I would be very surprised if it is anywhere near 100% gold & silver in production and as for cost, check late Feb Apex fiscal year news release on upcoming cost of San Cristobal Bolivia they mention a $1.25 initial cost/oz, with lifetime mine cost of $1.70 /oz silver I doubt Bay comes close to that am I wrong? and then aside from cost, Apex has perhaps the largest total silver reserves in their combined mines am I wrong? PanAmerican is second, thus #2 mktcap among silvers sure, there may be better plays than Apex (SIL) but we have several considerations survival, lowcost, total reserves help me out here, much appreciated / jim