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


To: loantech who wrote (56290)2/5/2008 1:11:51 PM
From: Claude Cormier  Read Replies (2) | Respond to of 78410
 
- did look at DMM. I can't go there. <G>

I can understand that.

USA at 3M ounces silver per year is equivalent to a gold producer at 55,000 ounces per year. $8 costs is equivalent to $450/oz for a gold producer. Assuming they have the equivalent of 1M ounces of gold in reserves... I think it is worth maybe $200M in market cap with current metal prices. If they can increase production, reserves and lower costs, it will be worth more.