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If you guys do your research on the Precious Metals market....
you'll see when Gold has traded solidly above $600, Silver trades well above $20 per oz. ...
The Gold-to-Silver ratio is currently in the process of coming closer to its historical norm... and as Gold moves higher, Silver will adjust accordingly (probably stronger due to price leverage).
The show in Precious Metals is only just getting started folks...
Adjusted for inflation... Gold should currently be valued at approx. $2,000 per oz.
Any word on the work/progress to move off Pink Sheets to the OTC BB?.
Updated: market cap's for Silver companies;
CDE - Coeur d'Alene Mines Corp = $1.84 BILLION
http://finance.yahoo.com/q/ks?s=cde
ECU - ECU Silver = $540 MILLION
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
FMNJ - Franklin Mining = $22 MILLION
HL - Hecla Mining Co = $828 MILLION
http://finance.yahoo.com/q/ks?s=hl
PAAS - Pan American Silver Corp. = $1.79 BILLION
http://finance.yahoo.com/q/ks?s=paas
SIL - Apex Silver Mines Ltd. = $1.32 BILLION
http://finance.yahoo.com/q/ks?s=sil
SLW - Silver Wheaton Corp. = $2.16 BILLION
http://finance.yahoo.com/q/ks?s=slw
SSRI - Silver Standard Resources Inc. = $1.18 BILLION
http://finance.yahoo.com/q/ks?s=ssri
WTZ - Western Silver Corp. = $1.34 BILLION
http://finance.yahoo.com/q/ks?s=wtz
With the Silver price strong.... I bet that COMIBOL would like to get some increased efficencies happening in Cerro Rico, sooner rather than later....
which bodes well for a strong desire to conclude the J.V. ... so they can get down to business.
Interesting interview... this Analyst thinks there's so much of a shortage in physical Silver, that there's not even enough physical Silver for Barclay's to launch the Silver ETF...
http://www.robtv.com/servlet/HTMLTemplate/!robVideo/robtv0726.20060417.00038000-00038720-clip1/h/220...
F/A ..... I don't know.... that's why I'm asking for an expert opinion..... I know alot more about the fundamentals in Precious Metals than the stock/brokerage end of things... I never took the Stock/Securities Brokerage course that alot of Brokers recommend taking to learn the back-end of the stock market.
My guess is... with all the buying of FMNJ stock over the past approx. 4 weeks.... and little selling... the Market-Makers can't have a very big inventory of FMNJ stock, IMO.
Question for the true Stock/Brokerage experts;
Is it possibly to get an accurate up-to-date picture/estimate of the approx. total inventory of FMNJ shares currently held by the Market-Makers?
I don't think we are far away from seeing a repeat of the early 1980's........
http://12.42.70.96/GoldOverlayChart.asp
However, this time the Precious Metals run will likely run much longer becuase, if you study the market, yearly demand for Precious Metals is running much higher than new yearly mine supply.... inflation, debt, deficit, geo-poltics are all just adding fuel to the fire.... 4 digit Gold by 2008.... won't be suprised if it gets there much sooner.
My original Silver forecast for Silver was $15 - $20 p/oz by the end of this year.......
however, after checking the historical Silver data.... and when Gold was over $600 p/oz in the 1980's, Silver was trading mostly between the $25 - $45 p/oz range.......
Given the historical data, I wont be suprised if Silver reaches $20 p/oz way before the end of this year... maybe within the next 1 - 3 months.
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Silver reserve estimations for Cerro Rico....
Conservative estimates for Cerro Rico's current Silver reserve run around 250 million oz. ... while some estimate the Silver reserve to be as has high as 2 billion oz. ... the truth is nobody really knows accurately what the current Silver reserve of Cerro Rico actually is, becuase, the mine has never been subjected to an extensive modern exploration drilling program... however, according to NERC, Cerro Rico is estimated to still hold approx. 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $13.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $13.00 p/oz = $3,250,000,000.00
* 500 million oz. Silver at $13.00 p/oz = $6,500,000,000.00
* 750 million oz. Silver at $13.00 p/oz = $9,750,000,000.00
* 1 billion oz. Silver at $13.00 p/oz = $13,000,000,000.00
* 1.25 billion oz. Silver at $13.00 p/oz = $16,250,000,000.00
* 1.5 billion oz. Silver at $13.00 p/oz = $19,500,000,000.00
* 1.75 billion oz. Silver at $13.00 p/oz = $22,750,000,000.00
* 2 billion oz. Silver at $13.00 p/oz = $26,000,000,000.00
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $25.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $25.00 p/oz = $6,250,000,000.00
* 500 million oz. Silver at $25.00 p/oz = $12,500,000,000.00
* 750 million oz. Silver at $25.00 p/oz = $18,750,000,000.00
* 1 billion oz. Silver at $25.00 p/oz = $25,000,000,000.00
* 1.25 billion oz. Silver at $25.00 p/oz = $31,250,000,000.00
* 1.5 billion oz. Silver at $25.00 p/oz = $37,500,000,000.00
* 1.75 billion oz. Silver at $25.00 p/oz = $43,750,000,000.00
* 2 billion oz. Silver at $25.00 p/oz = $50,000,000,000.00
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $50.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $50.00 p/oz = $12,500,000,000.00
* 500 million oz. Silver at $50.00 p/oz = $25,000,000,000.00
* 750 million oz. Silver at $50.00 p/oz = $37,500,000,000.00
* 1 billion oz. Silver at $50.00 p/oz = $50,000,000,000.00
* 1.25 billion oz. Silver at $50.00 p/oz = $62,500,000,000.00
* 1.5 billion oz. Silver at $50.00 p/oz = $75,000,000,000.00
* 1.75 billion oz. Silver at $50.00 p/oz = $87,500,000,000.00
* 2 billion oz. Silver at $50.00 p/oz = $100,000,000,000.00
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Cerro Rico is estimated to still hold almost 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
============================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Cerro Rico's Silver production has never been matched.......
When one compares Cerro Rico to other BPV deposits, three features stand out as being exceptional:
* The phenomenal silver resource. Cerro Rico has produced almost five times more silver than any other BPV deposit.
* Development of a thick acid-sulfate lithocap. The acid-sulfate lithocap at Cerro Rico is at least twice as thick as any other described from a BPV deposit.
* Development and preservation of a particularly deep zone of oxidation. This is almost four times as thick as any other developed at a BPV deposit.
http://www.gla.ac.uk/surrc/staff/boycea.html
============================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Oil just a couple ticks from going over $70.00.... and the oil chart is currently in a 1 yr. rising wedge (rising wedges usually break to the upside).... and I think a strong Hurricane season this year will take us somewhere between $80 - $100 oil this year.
In the short term, $70 oil will probably push Gold solidly over $600 ..... and solid $600-plus Gold will probably push Silver to between $15 - $20 p/oz minimum.
My original Silver forecast for Silver was $15 - $20 p/oz by the end of this year.......
however, I was just checking the historical Silver data.... and when Gold was over $600 p/oz in the 1980's, Silver was trading mostly between the $25 - $45 p/oz range.......
Given the historical data, I wont be suprised if Silver reaches $20 p/oz way before the end of this year... maybe within the next 1 - 3 months.
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
F/A....... my comparsion is only showing the comparative market cap. of FMNJ, which averages less than 2% of those other companies.
For those that think 4 viens in Cerro Rico doesn't mean much.... you are wrong.
COMIBOL isn't going to give the entire mine to FMNJ/Jamie as a start (that would be stupid).... no, COMIBOL are only going to give FMNJ/Jamie a small section as a initial test... and if FMNJ/Jamie can prove their good intentions/abilities, my bet is, more viens will then be forthcoming in a series of progressive steps... which is great, becuase it allows for an ever increasing ramp-up in positive news going forward for quite some time, as things progress positively.
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Market cap's for Silver companies;
CDE - Coeur d'Alene Mines Corp = $1.67 BILLION
http://finance.yahoo.com/q/ks?s=cde
ECU - ECU Silver = $468 MILLION
http://www.tsx.com/HttpController?GetPage=QuotesViewPage&DetailedView=DetailedPrices&Languag...
FMNJ - Franklin Mining = $23.8 MILLION
HL - Hecla Mining Co = $786 MILLION
http://finance.yahoo.com/q/ks?s=hl
PAAS - Pan American Silver Corp. = $1.66 BILLION
http://finance.yahoo.com/q/ks?s=paas
SLW - Silver Wheaton Corp. = $1.97 BILLION
http://finance.yahoo.com/q/ks?s=slw
SSRI - Silver Standard Resources Inc. = $1.1 BILLION
http://finance.yahoo.com/q/ks?s=ssri
WTZ - Western Silver Corp. = $1.26 BILLION
http://finance.yahoo.com/q/ks?s=wtz
OF SIGNIFICANT NOTE IS: My research seems to indicates that both SSRI (market cap of $1.1 BILLION) and WTZ (market cap of $1.26 BILLION) HAVE NO MINING REVENUE... and look to be valued based upon their in-ground Silver/mineral reserves and their potential future revenue.
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
>>>>>>> Silver reserve estimations for Cerro Rico....
Conservative estimates for Cerro Rico's current Silver reserve run around 250 million oz. ... while some estimate the Silver reserve to be as has high as 2 billion oz. ... the truth is nobody really knows accurately what the current Silver reserve of Cerro Rico actually is, becuase, the mine has never been subjected to an extensive modern exploration drilling program... however, according to NERC, Cerro Rico is estimated to still hold approx. 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $11.70 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $12.00 p/oz = $3,000,000,000.00
* 500 million oz. Silver at $12.00 p/oz = $6,000,000,000.00
* 750 million oz. Silver at $12.00 p/oz = $9,000,000,000.00
* 1 billion oz. Silver at $12.00 p/oz = $12,000,000,000.00
* 1.25 billion oz. Silver at $12.00 p/oz = $15,000,000,000.00
* 1.5 billion oz. Silver at $12.00 p/oz = $18,000,000,000.00
* 1.75 billion oz. Silver at $12.00 p/oz = $21,000,000,000.00
* 2 billion oz. Silver at $12.00 p/oz = $24,000,000,000.00
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $50.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $50.00 p/oz = $12,500,000,000.00
* 500 million oz. Silver at $50.00 p/oz = $25,000,000,000.00
* 750 million oz. Silver at $50.00 p/oz = $37,500,000,000.00
* 1 billion oz. Silver at $50.00 p/oz = $50,000,000,000.00
* 1.25 billion oz. Silver at $50.00 p/oz = $62,500,000,000.00
* 1.5 billion oz. Silver at $50.00 p/oz = $75,000,000,000.00
* 1.75 billion oz. Silver at $50.00 p/oz = $87,500,000,000.00
* 2 billion oz. Silver at $50.00 p/oz = $100,000,000,000.00
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Cerro Rico is estimated to still hold almost 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
============================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Cerro Rico's Silver production has never been matched.......
When one compares Cerro Rico to other BPV deposits, three features stand out as being exceptional:
* The phenomenal silver resource. Cerro Rico has produced almost five times more silver than any other BPV deposit.
* Development of a thick acid-sulfate lithocap. The acid-sulfate lithocap at Cerro Rico is at least twice as thick as any other described from a BPV deposit.
* Development and preservation of a particularly deep zone of oxidation. This is almost four times as thick as any other developed at a BPV deposit.
http://www.gla.ac.uk/surrc/staff/boycea.html
============================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Comparing current Gold to the 1980 Gold bull market.... indicates we could be just a few months away from Gold going parabolic.... (which would drag Silver along with it)....
http://12.42.70.96/GoldOverlayChart.asp
===========================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
longterm42... you might be right;
* we're in a very hot sector: Silver.
* we're negotiating to get a piece of one of the largest Silver mines in the world: Cerro Rico in Bolivia.
* we've got a CEO with a Bolivian background.
* we're still under a penny and a half a share.
* the Silver market is a very small market... it's much smaller than the Gold market... so when money moves into the Silver sector, there's only a very comparatively small number of companies that money can flow into.
Math session to calculate FMNJ's Jr. Mining ranking..........
The info I got from Nasdaq.com indicates FMNJ opened Jan 3/06 at .0008 .... and that today it closed at .014 .....
http://quotes.nasdaq.com/quote.dll?mode=basics&kind=&symbol=fmnj&symbol=FMNJ&selecte...
so, a little math seems to say: .014 - .0008 = .0132 / .0008 = 1,650%
so, if my math is correct, FMNJ is actually the top performing Jr. Mining stock year-to-date 2006 as based upon Golddrivers.com percentage gain cirteria..... http://www.golddrivers.com/
however, the reason FMNJ proboably doesn't show up on Golddrivers.com "top 10" list is becuase;
* Golddrivers seems to only use the historical data from Yahoo Finance to automate the calulations for their rankings.
* FMNJ does not have historical price data for Jan 2006 at Yahoo Finance...
http://finance.yahoo.com/q/hp?s=FMNJ.PK
* without historical data at Yahoo Finance, FMNJ probably wont get listed in Golddrivers.com
Please correct me if my math is incorrect.
Currently, 2 out of the top 3 Jr. Mining stocks at Golddrivers.com are Silver stocks....
http://www.golddrivers.com
Does anyone have a link to the accurate historical trading prices of FMNJ going back to the first trading day of 2006?...
Yahoo Finance has the historical records for most companies.... but does not carry the records during Jan/06 for FMNJ....
http://finance.yahoo.com/q/hp?s=FMNJ.PK
Please post the link if anyone has found such. Thanks.
The competition to be the #1 performing Jr. Mining stock will be a tough race to win this year, as there are many great performers already..... however, becuase FMNJ started this year at such a low price.... I think we may have a shot... if not, I think we legitametly have a chance to be in the "top 10".... as long as Jamie keeps going in the right directions.
Over $12 p/oz Silver ........ looking for $15 - $20 by the end of this year ..... top that off with a bunch of ever increasing positive news from FMNJ, and we could see FMNJ the #1 performing Jr. mining stock of 2006.
I just noticed that FMNJ currently would qualify within the "top 10" on http://www.golddrivers.com (which tracks the performance of all Gold/Silver Junior stocks)....
ALL SHAREHOLDERS SHOULD FILL-OUT THE FORM ON GOLDDRIVERS.COM TO ADD FMNJ TO THE INDEX (it only takes about 20 seconds).....
http://www.golddrivers.com/Juniors/addjunior.htm
I've already done it.... but I think we all need to flood them in order to get it added.
Golddrivers is a very popular Jr. Mining web site, and would help FMNJ get much needed extra exposure if we can get listed in the top 10 index (and FMNJ has already earned that right).......
Here's the info that you need to add FMNJ to the index....
just to to this page.......
http://www.golddrivers.com/Juniors/addjunior.htm
and input;
URL: http://www.franklinmining.com/
Company Name: Franklin Mining, Inc.
Ticker: FMNJ.PK
Exchange: OTC Pink Sheets
Everything seems to be shaping up nicely..... all the goings on with the viens and now a plant should provide plenty of ever increasing good news for quite a while.
Regarding financing........ I hope FMNJ approaches the Bolivian Govt. for financing.... what better financial partner could we have than the Bolivan Govt. on this historic mine.
Hey FinacialAdvisor......... can you fix the Kitco Silver quote banner.
Thanks.
>>>>>>> Silver reserve estimations for Cerro Rico....
Conservative estimates for Cerro Rico's current Silver reserve run around 250 million oz. ... while some estimate the Silver reserve to be as has high as 2 billion oz. ... the truth is nobody really knows accurately what the current Silver reserve of Cerro Rico actually is, becuase, the mine has never been subjected to an extensive modern exploration drilling program... however, according to NERC, Cerro Rico is estimated to still hold approx. 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $11.70 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $11.70 p/oz = $2,925,000,000.00
* 500 million oz. Silver at $11.70 p/oz = $5,850,000,000.00
* 750 million oz. Silver at $11.70 p/oz = $8,775,000,000.00
* 1 billion oz. Silver at $11.70 p/oz = $11,700,000,000.00
* 1.25 billion oz. Silver at $11.70 p/oz = $14,625,000,000.00
* 1.5 billion oz. Silver at $11.70 p/oz = $17,550,000,000.00
* 1.75 billion oz. Silver at $11.70 p/oz = $20,475,000,000.00
* 2 billion oz. Silver at $11.70 p/oz = $23,400,000,000.00
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $50.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $50.00 p/oz = $12,500,000,000.00
* 500 million oz. Silver at $50.00 p/oz = $25,000,000,000.00
* 750 million oz. Silver at $50.00 p/oz = $37,500,000,000.00
* 1 billion oz. Silver at $50.00 p/oz = $50,000,000,000.00
* 1.25 billion oz. Silver at $50.00 p/oz = $62,500,000,000.00
* 1.5 billion oz. Silver at $50.00 p/oz = $75,000,000,000.00
* 1.75 billion oz. Silver at $50.00 p/oz = $87,500,000,000.00
* 2 billion oz. Silver at $50.00 p/oz = $100,000,000,000.00
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Cerro Rico's Silver production has never been matched.......
When one compares Cerro Rico to other BPV deposits, three features stand out as being exceptional:
* The phenomenal silver resource. Cerro Rico has produced almost five times more silver than any other BPV deposit.
* Development of a thick acid-sulfate lithocap. The acid-sulfate lithocap at Cerro Rico is at least twice as thick as any other described from a BPV deposit.
* Development and preservation of a particularly deep zone of oxidation. This is almost four times as thick as any other developed at a BPV deposit.
http://www.gla.ac.uk/surrc/staff/boycea.html
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Some of you guys have to figure out whether your;
* a Daytarder,
* an Investor,
* a combination of the above,
.... then adjust your investment strategies accordingly.
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
>>>>>>> Silver reserve estimations for Cerro Rico....
Conservative estimates for Cerro Rico's current Silver reserve run around 250 million oz. ... while some estimate the Silver reserve to be as has high as 2 billion oz. ... the truth is nobody really knows accurately what the current Silver reserve of Cerro Rico actually is, becuase, the mine has never been subjected to an extensive modern exploration drilling program... however, according to NERC, Cerro Rico is estimated to still hold approx. 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $11.70 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $11.70 p/oz = $2,925,000,000.00
* 500 million oz. Silver at $11.70 p/oz = $5,850,000,000.00
* 750 million oz. Silver at $11.70 p/oz = $8,775,000,000.00
* 1 billion oz. Silver at $11.70 p/oz = $11,700,000,000.00
* 1.25 billion oz. Silver at $11.70 p/oz = $14,625,000,000.00
* 1.5 billion oz. Silver at $11.70 p/oz = $17,550,000,000.00
* 1.75 billion oz. Silver at $11.70 p/oz = $20,475,000,000.00
* 2 billion oz. Silver at $11.70 p/oz = $23,400,000,000.00
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $50.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $50.00 p/oz = $12,500,000,000.00
* 500 million oz. Silver at $50.00 p/oz = $25,000,000,000.00
* 750 million oz. Silver at $50.00 p/oz = $37,500,000,000.00
* 1 billion oz. Silver at $50.00 p/oz = $50,000,000,000.00
* 1.25 billion oz. Silver at $50.00 p/oz = $62,500,000,000.00
* 1.5 billion oz. Silver at $50.00 p/oz = $75,000,000,000.00
* 1.75 billion oz. Silver at $50.00 p/oz = $87,500,000,000.00
* 2 billion oz. Silver at $50.00 p/oz = $100,000,000,000.00
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Interesting images.............
>>>>>>> Silver reserve estimations for Cerro Rico....
Conservative estimates for Cerro Rico's current Silver reserve run around 250 million oz. ... while some estimate the Silver reserve to be as has high as 2 billion oz. ... the truth is nobody really knows accurately what current Silver reserve of Cerro Rico actually is, becuase, the mine has never been subjected to an extensive modern exploration drilling program... however, according to NERC, Cerro Rico is estimated to still hold approx. 5 times more Silver than any comparable Bolivian depsoit...
http://www.nerc.ac.uk/publications/documents/pe-wint04/cerrorico.pdf
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $11.70 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $11.70 p/oz = $2,925,000,000.00
* 500 million oz. Silver at $11.70 p/oz = $5,850,000,000.00
* 750 million oz. Silver at $11.70 p/oz = $8,775,000,000.00
* 1 billion oz. Silver at $11.70 p/oz = $11,700,000,000.00
* 1.25 billion oz. Silver at $11.70 p/oz = $14,625,000,000.00
* 1.5 billion oz. Silver at $11.70 p/oz = $17,550,000,000.00
* 1.75 billion oz. Silver at $11.70 p/oz = $20,475,000,000.00
* 2 billion oz. Silver at $11.70 p/oz = $23,400,000,000.00
SILVER RESERVE ESTIMATE VALUES FOR CERRO RICO AT $50.00 SILVER... (does not include any value for the TIN reserves);
* 250 million oz. Silver at $50.00 p/oz = $12,500,000,000.00
* 500 million oz. Silver at $50.00 p/oz = $25,000,000,000.00
* 750 million oz. Silver at $50.00 p/oz = $37,500,000,000.00
* 1 billion oz. Silver at $50.00 p/oz = $50,000,000,000.00
* 1.25 billion oz. Silver at $50.00 p/oz = $62,500,000,000.00
* 1.5 billion oz. Silver at $50.00 p/oz = $75,000,000,000.00
* 1.75 billion oz. Silver at $50.00 p/oz = $87,500,000,000.00
* 2 billion oz. Silver at $50.00 p/oz = $100,000,000,000.00
=====================================================
Silver Bells, Silver Bells....
http://www.always-safe.com/silverbells.html
Bobby Godsell, chief executive of AngloGold Ashanti, predicted that worldwide gold production would stagnate, then fall in the coming years as large deposits of the precious metal become scarce.
in an interview with the FT, Mr Godsell warned that the Gold industry will find it hard to keep up current levels of production. “All of the gold majors are finding it difficult to replace their reserves. New mine production will be flat-to-declining.”
http://news.ft.com/cms/s/b997c8bc-c262-11da-ac03-0000779e2340.html
If FMNJ can reach a joint-venture deal on Cerro Rico.... the publicity the deal with attain will be quite significant....
I think few people on this board understand the historical significance that mine has world-wide.... if FMNJ reaches a deal with COMIBOL, it will ROCK the Silver industry.
Many mining companies having been trying to reach deals for access to that mine for many years.
Many here probably don't realize this.... but there is an award winning documentary about Cerro Rico... about how danergous the mine is, and about how many people have lost their lives working in that mine...... here the movie's web page...
http://www.thedevilsminer.com
And like I said before... this deal is about HELPING PEOPLE as much as it is, if not more, than mining itself.
A conservative esitmate for the Cerro Rico Silver reserve alone is 250 million ounces....
and many estimates are much higher than that....
fact is, nobody really knows the current Silver reserve becuase the mine hasn't been subjected to any extensive modern exploration programs.