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  • Silver Standard reports record production at Marigold, Pirquitas mines  [View news story]
    Sorry for all the redundancy in my message. They edit didn't work well for me this time.
    Jan 7, 2016. 11:45 PM | 1 Like Like |Link to Comment
  • Silver Standard reports record production at Marigold, Pirquitas mines  [View news story]
    Glad to see ssrI is doing well with their operation. I have a little remorse over the history of the Pirquitas mine. Back in ~2000 I put 1/3 of my investment in PMs into betting on Sunshine Mines, based on their owning of the Pirquitas mine. Sunshine did the work to get the permits and was ready to go. Banks decided to pull the plug on the company and with the silver prices in the sub $4 /ounce level the company was driven in to bankruptcy. Sunshine only needed ~$40 million to complete the project and if it had been funded I believe the company would still be viable and profitable. Still, I own some SSRI and think the company will do us holdovers well in the future days. I also own some Golden Arrow that might extend the life of mine for Glad to see ssrI is doing well with their operation. I have a little remorse over the history of the Pirquitas mine. Back in ~2000 I put 1/3 of my investment in PMs into betting on Sunshine Mines, based on their owning of the Pirquitas mine. Sunshine did the work to get the permits and was ready to go. Banks decided to pull the plug on the company and with the silver prices in the sub $4 /ounce level the company was driven in to bankruptcy. Sunshine only needed ~$40 million to complete the project and if it had been funded I believe the company would still be viable and profitable. Still, I own some SSRI and think the company will do us holdovers well in the future days. I also own some of Golden Arrow which in partnership with SSRI may double the life time of Glad to see ssrI is doing well with their operation. I have a little remorse over the history of the Pirquitas mine. Back in ~2000 I put 1/3 of my investment in PMs into betting on Sunshine Mines, based on their owning of the Pirquitas mine. Sunshine did the work to get the permits and was ready to go. Banks decided to pull the plug on the company and with the silver prices in the sub $4 /ounce level the company was driven in to bankruptcy. Sunshine only needed ~$40 million to complete the project and if it had been funded I believe the company would still be viable and profitable. Still, I own some SSRI and think the company will do us holdovers well in the future days. Additionally, I have some shares in Golden Arrow which can maybe double the life of Glad to see ssrI is doing well with their operation. I have a little remorse over the history of the Pirquitas mine. Back in ~2000 I put 1/3 of my investment in PMs into betting on Sunshine Mines, based on their owning of the Pirquitas mine. Sunshine did the work to get the permits and was ready to go. Banks decided to pull the plug on the company and with the silver prices in the sub $4 /ounce level the company was driven in to bankruptcy. Sunshine only needed ~$40 million to complete the project and if it had been funded I believe the company would still be viable and profitable. Still, I own some SSRI and think the company will do us holdovers well in the future days. I also have some shares in Golden Arrow in partisanship with SSRI that could double the mine life.
    Jan 7, 2016. 11:05 PM | 1 Like Like |Link to Comment
  • U.S. Silver Production Plunges By 20%  [View article]
    Sorry_ It was commentator "silver is real money" who's comment I was responding to, not the Jason article itself.
    Dec 24, 2015. 12:42 PM | Likes Like |Link to Comment
  • U.S. Silver Production Plunges By 20%  [View article]
    Jason_In addition to the curtailment of current exploration, I suspect that silver production will continue down due to "anti-high grading" when the POS goes back up. As I understand it, companies still standing are running mills at full capacity mining the highest grade they can access. Seems to me that in order to utilize ore left behind, at least some miners will go back to those lower grades...putting mine life ahead of instant profit. Do you have any view on whether this assumption has value?

    I noticed Coeur Mining, being one of the world's largest silver producers, was conspicuously missing from your lists of companies. Coeur is programmed to increase low cost production substantially mid-2016. Do you have an insider rationale for this omission? Thanks for the good article
    Dec 21, 2015. 06:34 PM | Likes Like |Link to Comment
  • Consider Silver Standard Resources As The Fed Holds Steady  [View article]
    SD_Right you are. I would not recommend buying SSRI without digesting their water rights problem with the huge Mexican project and the current proposal for a JV with Golden Eagle on properties (Chinchillas) within a short trucking distance from the Pirquitas mine. I like the deal but it goes to show the value of large, rich deposits close to existing milling facilities. This came up with Coeur Mining having to pay an arm and leg to buy out Paramount's silver/gold deposit adjacent to the Palmarejo mine in Mexico.
    Oct 16, 2015. 12:10 PM | Likes Like |Link to Comment
  • Regulators Could Cause The Price Of Gold To Rise  [View article]
    bfina_ You say: "Since it hasn't been climbing, it proves there is no inflation scare. In an inflationary environment, gold will climb..." It is not as simple as you suggest. Gold has been raising in most currencies worldwide and that is where most of real gold trading takes place. This trend would suggest there is inflation scares in places other than the US dollar. You seem to contradict yourself by recognizing manipulation as "temporary", and then suggest we will have a continuing downward in the "dollar" price of gold. Using your thesis, I would conclude we will have a sharp increase in gold in all currencies when manipulation ceases due to whatever trigger(s) might cause it.
    Oct 9, 2015. 01:29 PM | 1 Like Like |Link to Comment
  • Silver Standard's Deal In Argentina: Good Or Bad?  [View article]
    InvestDoc_ Yes, and speculation suggests that a new government coming in this fall will be more investor friendly. This positive development has not been priced in for major operations in Argentina.
    Oct 3, 2015. 01:19 PM | Likes Like |Link to Comment
  • Silver Standard's Deal In Argentina: Good Or Bad?  [View article]
    Invest Doc_ Thanks for putting together the details of the proposed deal. It could not have been easy as this one is quite detailed...and somewhat above my knowledge level. In the end, as a small owner in both companies, it seems the deal will capture the benefits of a rising silver price. That is what seek in my investments. It is clearly early enough to get in cheap with both companies. Please keep us informed of any news that might change your calculations...also it would be fun to see you run the figures using a long term silver price of $25/oz.
    Oct 3, 2015. 11:05 AM | Likes Like |Link to Comment
  • Coeur Mining Should Sell Its Non-Core Royalty Business To Raise Cash  [View article]
    HardAss_ One of my attractions to Coeur has been their aggressive positioning during this prolonged period of severely under priced silver. To sell the Coeur Capital at this time would fly in the face of the company's BET that silver prices will rebound. And what for? I recall the bulk of debt is pegged at `8%. Using your $70,000,000 sale price, that would amount to $5.6 million annually. At the current price of silver (~$15/oz) that amounts to only 373,333 ounces out of an Ag equivalent production of over 32 million ounces. Not worth the savings in my mind. Thanks for the coverage of the company that many feel has been dead and buried. They will be shocked at Coeur's price recovery when silver rebounds to $25/oz.
    Oct 2, 2015. 12:11 PM | 2 Likes Like |Link to Comment
  • Golden Arrow: Chinchillas Could Be Less Attractive For Silver Standard Resources Now  [View article]
    Good to see an update as you seem to be the lone analyst covering this company. Seems they are approaching the magic 100 million once silver deposit size. New discoveries of this magnitude are rare these days. And, we should keep in mind that base metal prices could see spectacular increases as large producers worldwide are seeing their production winding down.
    Sep 22, 2015. 11:13 AM | Likes Like |Link to Comment
  • Pan American Silver Looks Like A Buy Here  [View article]
    Georgea_ The author made it clear his/her opinion was based on an increase in the price of silver..."good way to gain exposure to the price of silver". Not unreasonable to assume we will see an Ag price double that of today. With a current silver/gold ratio of 74 to 1, it would take very little increase in investor demand to pull that ratio down to a more reasonable 50 to 1.

    Was your comment on Argentina in reference to the monster deposit at the Navidad? If so, I believe it is fact that that potential mine is not priced into PAAS share price as a positive. Hasn't been since buying it several years ago. Following the election news out of that country, it seems possible that project could come back to life in a hurry. With a large stash of cash and growing reserves, what is not to like about this company? A little risk can sometimes bring big rewards..that is the case here IMO.
    Jun 13, 2015. 12:09 PM | 4 Likes Like |Link to Comment
  • Why Did Silver Standard Resources Acquire A Small Stake In Golden Arrow Resources?  [View article]
    SimpleDig_ Thanks for tracking the Arrow and especially for this write-up. From what little I find on the subject, the upcoming Argentine elections should result in a much more friendly mining environment. If true, SSRI might be feeling in a rush to tie this deal up before others join the hunt.
    Jun 13, 2015. 11:32 AM | Likes Like |Link to Comment
  • Hecla Mining: It's About The Future Not Current Silver Prices  [View article]
    Christopher_ You nailed it! Great appraisal of Hecla's future and the price of silver damage to current earnings. Thanks
    May 8, 2015. 01:09 PM | Likes Like |Link to Comment
  • Despite Operational Improvements, Coeur Mining Looks Like A Risky Investment  [View article]
    Azinsd_Good comment. Damn the history others look to repeat, Coeur has taken the opportunity to invest in the future when the PMs rebound. SD's comment is also good as it fills in some of what will cause a CDE profitably explosion when projects come together.

    I think the author relies far too much betting that there will be a substantial rate increase and that there will be a headwind facing the PMs. It is more likely a crosswind will come into play. Opinions on this huge question are all over the board with reputable economists. For sure, there are few who see a significant bond rate increase anytime soon that would make bond buyers see real interest earnings gains.

    As far as the silver "surplus", this is likely a myth as attempts quantify the real physical supply/demand figures are masqueraded by the huge paper derivatives levered against the small amount of visible metal in the market. We will eventually see how this all pans out. For sure many will have egg in their face.
    May 5, 2015. 01:11 PM | 3 Likes Like |Link to Comment
  • Why Pan American Silver Is A Stock To Avoid  [View article]
    V-I_ Your whole premise seems to be anchored to your belief that there is a growing surplus of silver to keep the price down. Your thought process has a few discrepancies. The first is that demand for Ag will lessened due to a raise in interest rates and resultant rush to "interest earning" bonds. That increase in rates per-supposes that the economy (US) is growing...not contracting as you suggest. More importantly, the USA is not the world market. Europe and Asia is the true silver market. Nothing I read suggests that people and companies in those countries will rush out of PMs to buy US bonds which yield "income", be it only equal to inflation.

    Linking silver price (surplus) to industrial demand is suspect as ~70% of mine production comes in the form of a bi-product of other metals. A stagnated world economy will hit hard on the base metal bi-product production, perhaps to the extent any further metal price decrease will result in a pull back in mine output for these metals and that silver bi-product. A robust world economy would in contrast spark both the metal prices and mining output across the board. As speculation is perhaps the greatest catalyst to gold and silver prices and regardless what the banks you quote say (in support of their book?), there is a potential demand for PMs that is far and above current investment. NOTE, the total World mine production would only provide for a little over half the Chinese population owning a single ounce of silver, annually.

    While you insist there is a sizable over supply of silver, the evidence indicates the opposite. Try to add up the known silver stores from reputable sources and you will have trouble identifying more than the annual demand for silver. By the way, the most respected PM specialists are forecasting an increase in silver demand in the coming years. These specialist by and large are aware of the out sized amount of silver is shorted with the real silver only available to cover a small proportion of those shorts. A very volatile situation should we have any number of potential black swans swoop down on the COMEX price setting scheme. In sum, I believe that PAAS will be just fine as will a number of the primary silver miners.
    Apr 29, 2015. 02:18 PM | 3 Likes Like |Link to Comment
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