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


To: jackjc who wrote (54845)1/2/2008 12:03:14 PM
From: ogi  Read Replies (1) | Respond to of 78421
 
Thank You, I knew we both owned SRD!!



To: jackjc who wrote (54845)1/2/2008 1:29:17 PM
From: loantech  Read Replies (2) | Respond to of 78421
 
Happy New Year Jack. What are your thoughts on silver right now? Still at a 56:1 ratio.

I know it is not one of your favorites but I added another 40K of USA today top off the tank at 200K. I think it's chances of a 75% return in 2008 are as good as any. They should get costs down and production up. As they hedged half their lead at 1.50 or higher I see the lead sales offsetting their silver costs at a1:1 ratio or close.

Sell 20-30 million lbs of lead they cut costs 20-30 million on silver.

Tom