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

To: Claude Cormier who wrote (5132)	5/17/2002 2:21:22 PM
From: NOW	Read Replies (1) \| Respond to of 8010

Claude: thoughts on PAAS at this juncture?

To: Claude Cormier who wrote (5132)	5/19/2002 11:35:24 PM
From: jackjc	Read Replies (1) \| Respond to of 8010

Hello Claude: I attended the Annual Meeting of SSRI last wk and asked what min Ag price for how long to start 1st mine, and which prop first. Answer: Shafter prop first with silver at 6.50 min for 6 mo. Would be getting feas during this time, then 12 mo to finance (30% equity and have cash for part already), so 18 mo to be mining. May need to hedge part. I see it as more risky than BAY but with greater upside with a decent silver move. I have more invested in Bay as BAY has moved well, but Friday both look to be breaking upside again. With the additional props SSRI is working on they would have 600M oz and dominate the industry. The recent PP with full wt proved too good to resist and I have increased my holdings. I am happy with both but of course SSRI is a speculation on POS and I expect it likely that BAY will be mining in the near future or be bought out. Your evaluation of silver stocks in your Ormetal Report couple yrs ago got me into these co's and I'm glad I followed your advice. Not investment advice, and I am long both stocks.