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

To: goldsheet who wrote (5213)	5/23/2002 10:14:01 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 8010

Thx, Bob. Here's s'more silver price/production headzup...this time from Calandra's interview with 15th rate silver producer boss & and now "proud" new owner of BAY's problematic Mexican Silver Deposit. Not only are comments made about PAAS share value, and other assessments of other Silver Producers there are some interesting/read that creative interps of silver price extrapolated by the GFMS 88 page survey issued today which also covered silver. Here are some of my favorite quotes: BAY'ers shld read what PAAS boss said 2 CBS/Calandra 2day wrt: OVER val of PAAS reflected in current prices...Great Informed Read: Here are some pertinent direct quotes from that interview posted elsewhere: OPEN QUOTE: ....Ross Beaty, this year's Silver Institute president and the Vancouver-based head of Pan American Silver the world's 15th largest silver producer. CLOSE QUOTE: OPEN QUOTE: ...Beaty, like many silver dons, is riding high this month. His stock price, (ed note: interview was published today) even he admits, is "way, way ahead of the metal, and I think this shows most people expect silver prices to keep rising." CLOSE QUOTE: OPEN QUOTE: ...The Silver Institute Report, cataloging futures contracts, London-based bullion supplies and physical demand, says silver showed "implied net" purchases of almost 17 million ounces last year. While that's a "trivial" amount, it is a big change from 2000, when 98 million ounces, on balance, were sold. CLOSE QUOTE OPEN QUOTE: ...."Silver is pulled along up and down by industrial demand," says (PAAS) Beaty. "Happily now, gold is seen as an investment and you will see silver coming in on its coattails. You can buy a lot of silver for gold and that is why it is the poor man's gold." CLOSE QUOTE: OPEN QUOTE: ....Headley, the founder of a stock-charting service called BigTrends.com. "Our view on gold is that we have been pretty bullish on the bigger picture and still are but we are getting some really over-optimistic sentiment readings so we see a cooling off," Headley said Thursday from the Chicago airport, on his way to New York. "We're in the midst of an acceleration phase that could last for another two or three days and we expect a cooling-off phase that starts next week and lasts three or four weeks," Headley says. CLOSE QUOTE: I find it somewhere between arrogant and amusing that American's believe they know what the Chinese are either capable of mining or have hoarded/tucked away in the way of silver. And I thought, for arguments sake that the Chinese dumped 90mm oz, give or take a silver round just last year...now where'd I read that??? As ole' Ed Hart on FNN/turned CNBC would say: We'll all know "in the fullness of time." (RIP, Ed!!) marketwatch.com g_t

To: goldsheet who wrote (5213)	5/23/2002 11:26:38 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 8010

A very ^positive move for SSRI. Finally a silver project that can be economic at current prices.

To: goldsheet who wrote (5213)	5/24/2002 6:25:38 AM
From: long-gone	Respond to of 8010

from EquityAlert.com. Pan American Silver buys royalty on La Colorada VANCOUVER, May 23, 2002 /PRNewswire-FirstCall via COMTEX/ -- Pan American Silver Corp. (NASDAQ: PAAS; TSE: PAA) has exercised its right to acquire all of the existing five percent net smelter return royalty on its La Colorada silver mine in Mexico. Pending regulatory approval, Pan American will issue 390,117 common shares with a four- month hold period, for a total purchase price of US$3 million, for the royalty that was retained by the former owners when Pan American bought the mine in 1998. The royalty purchase will result in 100 percent ownership of La Colorada by Pan American, with no encumbrances, and will increase Pan American's cash flow from the mine when full scale production begins, currently planned for mid-2003. Ross J. Beaty, Chairman and C.E.O. or Rosie Moore, VP Corporate Relations 604-684-1175 CAUTIONARY NOTE Some of the statements in this news release are forward-looking statements, such as estimates of future production levels, expectations regarding mine production costs, expected trends in mineral prices and statements that describe Pan American's future plans, objectives or goals. Actual results and developments may differ materially from those contemplated by these statements depending on such factors as changes in general economic conditions and financial markets, changes in prices for silver and other metals, technological and operational hazards in Pan American's mining and mine development activities, uncertainties inherent in the calculation of mineral reserves, mineral resources and metal recoveries, the timing and availability of financing, governmental and other approvals, political unrest or instability in countries where Pan American is active, labor relations and other risk factors listed from time to time in Pan American's Form 40-F. SOURCE Pan American Silver Corp. CONTACT: Ross J. Beaty, Chairman and C.E.O. or Rosie Moore, VP Corporate Relations, 604-684-1175 (PAA. PAAS) prnewswire.com Copyright (C) 2002 PR Newswire. All rights reserved.