Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (44966)	7/16/2007 11:09:32 AM
From: maxncompany	Read Replies (2) \| Respond to of 78410

Independence Lead Mines really a silver/lead/zinc miner in Coeur D'Alene territory 18.52% JV partner with Hecla run mine. Over 100 million ozs. silver resource with further resource expansion expected. Plus plenty of lead and zinc. Own 100% of a bordering property. Current metals prices looking at earnings close to $1/share beginning around January 2008 or so. Almost no shares out. (5.5 million) MMs need to narrow the bid/ask. Too big a spread currently.

To: koan who wrote (44966)	7/16/2007 11:48:54 AM
From: loantech	Respond to of 78410

It may take a year but it will be interesting to see what lead does and how USA handles their lead circuit portion. <The company will also initiate lead-silver mining later this year with the intention of hoisting this ore through the Coeur Shaft and processing the material at approximately 400 tons per day at the Coeur Mill. The company has recently signed a new off-take contract with TeckCominco to smelt the lead-silver concentrate starting in September of 2007.> us-silver.com 400 tons per day of 9% lead = 72,000 lbs of lead per day. I understand USA will not hedge their silve but may hedge the lead. Not sure why but that is what I heard. Plus this from stockwatch: <U.S. Silver acquires Dayrock for $175,000 (U.S.) 2007-07-10 11:26 ET - News Release Mr. Bruce Reid reports U.S. SILVER CORPORATION ANNOUNCES THE ACQUISITION OF THE HISTORIC DAYROCK LEAD-SILVER MINE AND MILL U.S. Silver Corp. has acquired the historic Dayrock lead-silver mine and mill facility located about 3.5 miles northeast of the company's Galena mining complex in the Silver Valley of north Idaho. The Dayrock operated intermittently from 1924 until 1977, having produced 155 million pounds of lead and 6.5 million ounces of silver. The total tonnage milled was 1,276,488 tons at an average grade of 6.07 per cent lead, 0.32 per cent zinc and 5.11 ounces of silver per ton. The purchase price for the 80-acre package was $175,000 (U.S.). There are no royalties on this property going forward. In addition, U.S. Silver has staked an additional 385 mining claims in the vicinity of Dayrock, increasing its land package in the Silver Valley by more than 7,000 acres to approximately 18,000 acres.>