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


To: TheBusDriver who wrote (4947)4/24/2002 10:09:02 AM
From: Little Joe  Respond to of 8010
 
Wayne:

The reason for the rise is prices is seldom revealed until the move is well underway. Trust the charts.

Little joe



To: TheBusDriver who wrote (4947)4/24/2002 11:23:44 AM
From: goldsheet  Read Replies (1) | Respond to of 8010
 
Here's another one for you:
Noranda mined 3.65moz of AG for Q1-02
versus 3.2moz for Q4-02 versus
2.1moz for Q1-2001

newswire.ca



To: TheBusDriver who wrote (4947)4/25/2002 9:33:18 PM
From: goldsheet  Read Replies (2) | Respond to of 8010
 
Looks like I'm going to continue disagree with the Silver Institute (again) who thinks the gap is going to be 100moz in 2002, because more quarterly production reports keep coming out.

BHP Billiton reported 11.073moz of Q1-02 silver production, which is up 20% from Q4-01 (9.209moz), and up 62% from Q1-01 (6.824moz) At this rate, they could produce as much as 44moz in 2002 versus 33moz in 2001, 11moz is a substantial amount.

This continues to lead me to conclude the gap with shrink to maybe 50moz or less in 2002 and we might be in surplus in a few years.

REF: bhpbilliton.com