What was the avg. silver price for the first six months of 2010?

http://www.kitco.com/scripts/hist_charts/yearly_graphs.plx

the poster on another board came up with 17.62. I come up with the same. what do you folks come up with?

i'll explain the significance later

More questions/ evidence of deceit (aka FRAUD)

I'm not "scaring away" investors. Johns LIES are doing that. Why no mention of Stage 1 all year? Why has there been a 35% REDUCTION in the number of ounces produced in Q2 when he said Stage 1 would double output beginning in Q1? Why did he LIE about the 1st six months avg. silver price of 2010 being $21.62 instead of $17.62? and why did he conveniently stop reporting ounces produced at the same time? Could it be because he didn't want people to realize how big the discrepency of ounces produced was and he didn't think anyone would check his numbers for accuracy? HA!

Using his bogus $21.62/oz. number with the 2010 Q1 + Q2 revenue numbers yields about 9,000 oz. produced.
Using the real avg. it's over 12,000 oz..
Looks to me like he's being deceitful. What does it look like to you guys? An "honest" mistake? O.K., then where is the correction?
Do I have to bring it to his attention directly via email perhaps? Good idea. Then I'll cc the SEC.

Everything comes directly from the archived PRs on the website. Try reading them sometime.

Why was silver production DOWN 35% in Q2?
Why no mention of Stage 1 all year???

This explains why the silver revenue relative to ounces produced was high in 2009, but it opens up more questions.

per the February 24, 2009 PR

"In the fourth quarter of 2008 Itronics Metallurgical entered into an interim refining agreement that made it possible to sell some silver bearing intermediate products that had been accumulated over prior years. Sale of the bulk of these materials will be completed during the first quarter."

My question to anyone willing to answer is...

If receipt of silver-bearing liquids keeps exceeding the "strong demand" for fertilizer and the capacity to extract the silver then where is it going if fertilizer sales are flat and silver output is down 35%??????

Whit said "...making the Stage 1 expansion a critical path item for continuing the Company's growth."

Per the first comment it looks like he has the ability to sell the excess liquids. Per later comments, it looks like he has been receiving more than enough liquids. Per the Feb. 2009 PR he says how important Stage 1 is to process this excess and grow the biz. It's pretty clear that using Stage 1 is much more profitable than selling the excess to a refiner. That's a no-brainer. So he was holding on to barrels of goo for years then decided to sell some to a refinery in Q1 2009....and now Stage 1 is up and running and receipt of goo keeps exceeding even the expected "strong growth". So where's it going? Where's the big output increase and big increase in revenue? The only increase in silver revenue is due to the price of silver. Where is all this excess goo going? Is it being stockpiled or is it being processed with the Stage 1 process and not being reported?

If silver really is 100% dependent on fert sales (which sounds like complete B.S. to begin with) then why was it down 35% with same fert sales and with Stage 1 which was touted to double output starting in Q1 and increase capacity 10x?
All he has to do is keep understating the fert sales then say silver is down due to __________ (fill in the blank) reason for fert being down. In Q2 it was "cooler than normal temps". This was proven to be complete bull. Want me to post that proof again?

Now he says....

"Silver output is directly related to production of base liquids for fertilizer manufacturing. Because of this, silver production for the balance of 2011 will be directly dependent upon the level of GOLD'n GRO fertilizer sales volumes. (July 14, 2011 PR)

Really? and what about Stage 1???????????
Are we just supposed to forget about that?
Are you kidding me????????????

Bottomline, silver output (according to his numbers) is way down. Fert sales were flat (supposedly).
So what happened? Where is the silver going?
Sure looks to me like someone is producing a lot more silver than is being reported....like more than double. I'd guess triple. That's just a guess though, using a calculator and his own previous press releases...oh, and considering his motivation to understate after losing the $8M+ judgement to NIR.

Perhaps someone can solve this mystery.
What is going on with Stage 1? Why no mention of it all year? Why is output down 35% in Q2 vs. Q2 2010? Why did he lie about the Q2 silver price and stopped reporting ounces produced?

If you need me to do the math again just say the word. What's goin on here?
Please give me a legal explanation to everything. Once you do that, I have even more.

another cut&paste evidence of fraud
this has been editted a little to fit the guidelines

------------------------------------------------------------------
This explains why the silver revenue for 2009 was so high (relative to silver price).

per the February 24, 2009 PR

"In the fourth quarter of 2008 Itronics Metallurgical entered into an interim refining agreement that made it possible to sell some silver bearing intermediate products that had been accumulated over prior years. Sale of the bulk of these materials will be completed during the first quarter."

My question to anyone willing to answer is...

If receipt of silver-bearing liquids keeps exceeding the "strong demand" for fertilizer and the capacity to extract the silver then where is it going if fertilizer sales are flat and silver output is down 35%??????

Whit said "...making the Stage 1 expansion a critical path item for continuing the Company's growth."

Per the first comment it looks like he has the ability to sell the excess liquids. Per later comments, it looks like he has been receiving more than enough liquids. Per the Feb. 2009 PR he says how important Stage 1 is to process this excess and grow the biz. It's pretty clear that using Stage 1 is much more profitable than selling the excess to a refiner. That's a no-brainer. So he was holding on to barrels of goo for years then decided to sell some to a refinery in Q1 2009....and now Stage 1 is up and running and receipt of goo keeps exceeding even the expected "strong growth". So where's it going? Where's the big output increase and big increase in revenue? The only increase in silver revenue is due to the price of silver. Where is all this excess goo going? Is it being stockpiled or is it being processed with the Stage 1 process and not being reported?

If silver really is 100% dependent on fert sales (which sounds like complete B.S. to begin with) then why was it down 35% with same fert sales and with Stage 1 which was touted to double output starting in Q1 and increase capacity 10x?
All he has to do is keep understating the fert sales then say silver is down due to __________ (fill in the blank) reason for fert being down. In Q2 it was "cooler than normal temps". This was proven to be complete B.S.. Want me to post that proof again?

Now he says....

"Silver output is directly related to production of base liquids for fertilizer manufacturing. Because of this, silver production for the balance of 2011 will be directly dependent upon the level of GOLD'n GRO fertilizer sales volumes. (July 14, 2011 PR)

Really? and what about Stage 1???????????
Are we just supposed to forget about that?
Are you kidding me????????????

Bottomline, silver output (according to his numbers) is way down. Fert sales were flat (supposedly).
So what happened? Where is the silver going?
Sure looks to me like someone is producing a heck of a lot more silver than is being reported....like more than double. I'd guess triple. That's just a guess though, using a calculator and his own previous press releases...oh, and considering his motivation to understate after losing the $8M+ judgement to NIR.

Perhaps someone can solve this mystery. Whattaya say?

What is going on with Stage 1? Why no mention of it all year? Why is output down 35% in Q2 vs. Q2 2010? Why did he lie about the Q2 silver price and stopped reporting ounces produced?

If you need me to do the math again just say the word.
What's goin on here?
Please give me a legal explanation to everything. Once you do that, I have even more.

here is a good one (cut & pasted from another board)
btw, yes, I checked out the info and it's all correct. Looks like Dr. whitney has a lot of explaining to do.
-----------------------------------------------------------------

I'm not "scaring away" investors. Johns LIES are doing that. Why no mention of Stage 1 all year? Why has there been a 35% REDUCTION in the number of ounces produced in Q2 when he said Stage 1 would double output beginning in Q1? Why did he LIE about the 1st six months avg. silver price of 2010 being $21.62 instead of $17.62? and why did he conveniently stop reporting ounces produced at the same time? Could it be because he didn't want people to realize how big the discrepency of ounces produced was and he didn't think anyone would check his numbers for accuracy? HA!

Using his B.S. $21.62/oz. number with the 2010 Q1 + Q2 revenue numbers yields about 9,000 oz. produced.
Using the real avg. it's over 12,000 oz..
Looks to me like he's being deceitful. What does it look like to you? An "honest" mistake? O.K., then where is the correction?
Do I have to bring it to his attention directly via email perhaps? Good idea. Then I'll cc the SEC.

Now you can tell me what I'm making up.
Everything comes directly from the archived PRs on the website. Try reading them sometime.

Looks like NIR won an $8,000,000+ lawsuit against Itronics but they can't sell the shares from the settlement because the ITRO CEO is playing games with the numbers, supposedly.
Check out the yahoo ITRO board over the past few weeks. A poster over there has been spelling it all out. No wonder Ribotsky has to wind down the funds. He makes deals with a bunch of low-lifes and can't get paid even when he wins. I feel sorry for the NIR investors. I had a few shares of ITRO and just watching this soap opera from the sidelines.
Good luck to all.

silverstar55

Is the correction in silver over?

i should have known better than to get involved here. bad management wins out every time. this company is through. stick a fork in it.
please guys don't give me crap for criticizing management. what ceo would do a 1 for 1000 now? why didn't he try to get the share price up a bit first and then do it? why do a 1 for 1000? why not 1 for 100? this is pathetic management. completely out to lunch and lost. i've never seen such bad management in my entire life.

everyone still asleep here?

yet another stellar day for uxg!
go baby go!

what's going on here?

i'm amazed at the strength of UXG lately. has outperformed everything i own.

excellent strength here
next move should take us above 5

cde looks primed for a move back above 18.
should be 20+ if not for the miners funk. this will change eventually.

the problem is mis-management
but that being said, it's still an attractive buy at this price.
technicals look good for 24+ any time

added some more this morning. looks ready to explode.
glta

been holding uxg since the 2s waiting for 6 to sell some then just sit back and wait for 10+. that's where its going once things heat up. party has yet to even begin with silver/gld stocks

another good day for cde and everyone still sleeping.
what's it going to take to wake the silverbugs? how about $19+ silver tomorrow?
quality goes first. cde is #1

lost patience is almost as good as blood in the streets.
both are great times to buy. tech analysis say breakout any moment
24+ quick
buy low, sell high

glad to see some are coming out of hibernation.
when silver heats up just a little more, this is the #1 stock to own. #1 in production and reserves. cde best of breed.

harpe, is Bill Forkner running the day to day operations? from what i gather he is just in charge of raising money. and also from what i read the company needs more funding so that tells me this guy isn't doing his job either.
at least i answered my question and figured out why the price is so low. these guys clearly don't have it together but that's also a good time to buy. can't get worse, only better. i'm buying some this morning, hopefully.
buy low, sell high, repeat.
glta

kaj, how am i attacking your character? why are you making it personal? unless u r related to the ceo i don't know why take critiquing of him personal. it's not about you nor is it about me and my standards. did u watch any presentations yet? this ceo just doesn't have ceo skills. zero. effective communication skills is a common thread among all ceos. this guy doesn't have any of these skills. it's not even arguable. please watch his presentations and interviews. i did and that's why i'm commenting. it's nothing personal.
glta

when is this board going to wake up? cde is the best. quality always goes first.

kaj, if u need links then you haven't done your homework.
genius is irrelevant. einstein was a genius but could he run a business? the ceo's presentations clearly demonstrate a lack of business savvy and even no leadership ability. that's not even arguable. have you seen his presentations & interviews?
i think the business is intersting and undervalued but needs better management. the buck stops with the ceo. always.

hey guys
i did a lot of research on this company over the weekend. seems very interesting, unique, into everything that's hot. only problem is it's all been mismanaged for several yrs. why doesn't this doctor guy hire a business guy? he's too milktoast to run a company. lots of promises but never delivered that's why price so low. it's too bad because this is the kind of company i wouldn't think twice about dropping 50k or more into.
can anybody tell me where i can find more about auric? very little out there.thanks.
i still like it at the current price but with better management it would be a homerun. might pick up a few this week.
glta

why is it so unknown?
i was reading about the deer fert. how is that selling?

what is going on here? i've been watching this stock for a few weeks. looks interesting but why is the share price and volume so ridiculously low if they are doing so well.something doesn't compute here. what is the problem?
tia
ss55

UXG is a sleeper for sure. i think it will continue outperforming the miners index. with a little help it could see $6++ even in a dead market for juniors

very nice pop in silver today
makes up for the beating last friday. $20 is right around the corner then things heat up in a hurry

silver is screaming. wake up guys
CDE is the best of the best

another great silver stock but dead board
what's it going to take to get everyone excited about silver?
right now is the best time in my lifetime to be a silver investor and i'm an old fart.

the #1 silver stock shouldn't be underperforming the metal so much
http://finance.yahoo.com/q/bc?s=CDE&t=3m&l=on&z=m&q=l&c=slv
i think it's a buying opportunity, unless someone can convince me otherwise

why are all the great silver stock boards so dead? this stock has nearly doubled recently and still no action here.

CDE is the cream of the crop when it comes to silver. They are #1 in production and reserves after finalizing 2 acquisitions last year. All we need is for silver to break $20 again and this stock will fly.

why is this board so dead? CDE is the Silver KING.

Largest in reserves and production.

lets hear some noise