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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: rubbersoul who wrote (31045)	9/2/2011 2:40:22 PM
From: Eva	Read Replies (1) \| Respond to of 48092

silvercorpmetals.com af.reuters.com

To: rubbersoul who wrote (31045)	9/2/2011 10:14:56 PM
From: Proud Deplorable	Read Replies (1) \| Respond to of 48092

The average grades for ore at the Ying mine are richer than any mine I have been to. The silver grade measures 1,400 grams per metric ton, 34% lead and 10% zinc. With current prices of $14 silver, $1.50 zinc and $.53 lead the gross metal value is about $1350 worth of gross metal value. Assuming 90% recovery and about 72% pay from the smelter, Silvercorp stands to gross about $875 per ton. Their mining costs run about $45 per ton so you might reasonably conclude they are going to be making money hand over fist. Bomb Moriarty 321gold.com