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

To: Bearcatbob who wrote (54760)	12/30/2007 4:08:04 PM
From: pogohere	Read Replies (1) \| Respond to of 78431

“It seems to me that Independence management ought to be more active in determining where its ore outside Lucky Friday's boundaries goes, as opposed to being active in court,” Ryan told . “If there's another orebody on the Independence property, the best way to it will be through the Lucky Friday or the (Hecla-owned) Star mine to the west. Our best course of action is to repair the relationship with Hecla and figure out what's in the adjacent West Independence vein, which is not covered by the 1968 operating agreement. “Sure, the royalty from the Lucky Friday is important, but the key is the West Independence vein which has a vertical property boundary not subject to apex issues, and is not subject to the Lucky Friday agreement,” Ryan said, adding, “The West Independence structure is situated between two of the biggest silver deposits in the Coeur d'Alene District – the Gold Hunter and the Star-Morning.” [emphasis added] Hecla nibbled at a silver-copper tetrahedrite strike on the West Independence from its Star Mine on the 5,300-foot level in 1980 but halted further exploration when the Star closed in the spring of 1981 – a closure due less to the Star's economics than to Hecla's desire to put the financial squeeze on Gulf Resources & Chemical Corp., which at the time held a 50% interest in the Star. Ryan did not rule out a future tender offer for all of Independence Lead's shares, but said the purchase of 258,855 of its shares, or 5.1% of the company, on the open market during Q4 2006 at prices ranging from $1.90 to $3.40/share is at this stage “just the action of an interested investor.” [emphasis added] The Wallace Street Journal 1-13-07 silverminers.com

To: Bearcatbob who wrote (54760)	12/30/2007 5:30:34 PM
From: marcos	Respond to of 78431

usa.v - the absolute number of shares shouldn't matter, it's the market cap divided by assets and prospects that counts really, still so many including myself retain a degree of that old north american prejudice against 'too much outstanding' and/or 'too low a shareprice' for consideration as a serious effort ... a 1-for-10 wouldn't hurt, then a big financing [they like that, lol] ... but they could also do well as is, and when the Big Run comes, that ticker combined with the Silver Valley reputation will be worth its weight in silver seg.to - i was toying with the idea of selling some Silver Eagle slightly below cost and rolling it into usa.v, pretty much decided not to, figure seg will get discovered soon enough too ... any likely dilution from here will certainly be accretive from a basis of current shareprice, with all those warrants way out of the money at the moment, and 20m in treasury, they could make it fairly big while keeping the numbers Genco did All these silvers will do well, with even half-assed reasonable management, some faster than others, some farther, but the tide will rise soon for the group ... we should be getting news before long on how firmly Metalline is back in the silver-play category, after what, seven or eight years away

To: Bearcatbob who wrote (54760)	12/30/2007 6:53:24 PM
From: loantech	Read Replies (2) \| Respond to of 78431

Not gonna happen so best not buy if you are ruled by share count. All the naysayers said no on WGW/WGI at 1.50, 1.95,2.10 and 2.40. I made beaucoup bucks even with a lot of shares out.2007 was my best year ever by $$$ made (On paper) and % gains by banging the table on WGI. Of course GGC and KTN helped. I put up rough numbers the other night on USA I can easily see 2 bucks on the stock in 2008. Not a 3 bagger but close enough for me. Those tunnels and mills at the Caladay, Day, Galena and Coeur are worth a 150 mill IMO in today's bucks easy. New resource is going to prove up well over 50 million ounces of P&P AG alone and up 100 mill+ IMO with copper and lead credits using all categories. JMO. EDIT:Here is a repost of the rough nubmers. Marcos can pick and grind at it and bring it down to two bucks a share. <G> Here are some rough numbers and musings regarding USA. It is ready to roll IMO: Thinking USA about to move in 2008. New resource by mid Feb. Silver production costs to fall with the lead sales. <The lead-silver ore will be run through the Coeur mill at an initial rate of 100 to 200 tonnes per day increasing to 400 tonnes per day by early 2008. The initial rock processed in the Coeur mill will be lower-grade development ore, with ore grades improving to a range of seven to nine ounces of silver per ton and 9 to 11 per cent lead as the developments are completed and full production activities commence. > stockwatch.com. As per conversations with USA they want to pump out about 3-4+ million ounces of silver in 2008. <With both mills operating, production levels from U.S. Silver operations are expected to be as much as 900 tonnes per day of combined production by the end of 2007. > <The headgrades averaged 14.42 ounces per ton up from 12.7 ounces per ton during the third quarter 2006. The company expects the headgrade to continue to improve through 2007 and 2008 as newer and more-efficient stopes are accessed> stockwatch.com. Estimate 800 tons per day an average of 11.5 ounces per ton = 3.3 mill ounces of AG production in 2008. <the company was able to capitalize on historically high lead prices and sold forward approximately six million pounds of lead at prices above $1.50 (U.S.) per pound for 2008. This represents approximately 50 per cent of the expected lead production in 2008> 400 t/ d at 10% lead = 31,000,000 lbs of lead estimated. With the hedge on half etc this brings in $30-40 MIll $$ in lead by product revenue reducing costs on the 3.3 mill ounces AG produced by about 10 bucks per ounce in rough numbers. <The company produced 265,547 ounces of silver during the third quarter of 2007 at an average cash cost of $12.62 (U.S.) per ounce> I spoke with an analyst providing coverage on USA today. His conservative estimate forecasts AG costs could be down to $1.70 per ounce with the by product sales by the end of the 1st or 2nd quarter.Jives with conversations with USA management. If gold averages 850 for 2008 and we can reach a 50:1 ratio silver may approach 17 bucks. Leaves a potential of 12-15 bucks per ounce net out. Say 12 buck times 3.3 million ounces = 39 mill in profit. After the recent financing they will have about 233,500,000 FD. 16 cents per share profit. HL is making about 49 cents per share. They sell at at 19 multiple. Puts USA at 3 bucks a share. All rough numbers but who knows??