Replies to post #571 on Americas Silver Corp fka USAPF

[NYBob]

U.S. Silver $16.61 per ounce - P&F TI bullish price obj. $26/oz :-)



The Company's mining properties are located in Shoshone County, Idaho, USA,
in the "panhandle" of Idaho, along its eastern border
with the State of Montana.
The Galena Mine and Mill complex is located about one mile
south
of US Interstate 90, just west of the town of Wallace, Idaho.

The Company's holdings, which comprise approximately 18,000 acres,
are a combination of fee land, patented mining claims,
unpatented mining claims, and mining leases.

All of the Company's current production, and near term contemplated production,
comes from the Company's 100% controlled patented mining claims.
Royalty payments based upon net profits or net smelter returns
apply to some of the other mining leases owned by the Company.
However, U.S. Silver is not currently carrying any reserves or
resources on these leases, and no production from these
leases is contemplated in the near future.
It should be noted that the Company pays no royalties at present
and all production for the next several years will come
from patented mining claims.
Thus, even if the U.S. Congress changes the Mining Law of 1872
and imposes a royalty system on mining claims on federal lands,
the Company will be unaffected since our producing claims
are patented.

http://www.us-silver.com/s/Projects.asp

NO DEBT :-)

U.S. Silver Ag/oz 2009 comp. to Ag/oz 2006 - Higher :-)


God Bless