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Gold/Mining/Energy : Silver prices -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (193)	11/19/1997 2:02:00 PM
From: Quentin Bassett	Respond to of 8010

Alan, your thoughts on gold mine closures being positive for silver are true. Notice the increasing relative strength of silver vs other metals? Take a look at PAASF, it has the worlds largest silver reserves thanks to a new deal, it has no debt, produces some silver at $2.50 +/- per oz, giving positive cash flow, has 40 mill in the bank and is just shy today of a new high. I think things are going to bust out by next year. IMO this stock is pointing to great times ahead for silver. Quentin Bassett.

To: Alan Whirlwind who wrote (193)	11/19/1997 2:05:00 PM
From: Gerald Walls	Read Replies (1) \| Respond to of 8010

Silver up 12 cents today? The low price of gold bullish for silver longer term due to expected closing of half of the world's gold mines (which also produce silver)? Silver is a by-product of gold, copper and zinc, all of which are depressed and their production decreasing. This has the effect of reducing supply even as price increases. Claude Cormier, publisher of The Goldbug's Comment, is recommending some silver producers at this time. Among them is PAA.T (PAASF). I own a little of this and also a little of SSC. From PAA.T's quarterly report at biz.yahoo.com their cash cost per oz silver is $1.98 and total cost $2.94. They made 2 cents per share in the quarter ended Sept 30.