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SOUTHPEN

04/08/13 11:54 AM

#16356 RE: rcgold44 #16351

Sounds very similar. We need to have dialogue with our management in order for management and shareholders alike to benefit from long term value at Galena.

Thanks for correcting me. CDE has never been a company I've been interested in . I was interested in Hecla ,but not any more. I feel that management missed an exceptional opportunity by offering cash for US Silver. I believe they would have successfully acquired us ,had they given us shares worth 2 dollars at the time. They have since, overpaid in my opinion for Aurizon.

US Silver has ,imo, the best potential within a group of about 10 silver stocks , based strictly on assets . Everything else is unknown and that fact is killing the share price.

The best value for long term silver production growth has to be SSRI with their Pitarrilla deposit. You can't beat 15 million oz's a year of expected production with a mine life of over 30 years. Capex about 800 million.

Galena represents incredible value near term with a plausible 5 million oz's per year for the next 20 years ,that could begin within a couple years. Capex is unknown but likely under 200 million over the life of mine ,which is comparatively small with anything in it's class. Montanore,Rock Creek,Lucky Friday,Shafter,all either have inferior production or resources or inflated capex.