Rich in Bpt.

Investing Strategy for Silver Mining

The last CDE presentation I saw; stated that when the new Mexician mine goes into full production in 2009; the cash cost of extractioning the ore on a companywide basis would be $1.72 an ounce. With inflanatioary pressures of cost of materials, such as truck tires, etc., I can see an increase; perhaps to $2.50 an ounce on the high side, but not $5.00 an ounce for extracting the ore in 2009. The cost of extracting the ore did include bi-metal credits.