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alj14

07/12/13 1:01 PM

#406 RE: sanbrunobaby #405

Sanbrunobaby: thanks for your great post. I fully concur. Management is doing all it can to limit mining costs in this period of unsustainably low spot silver prices. I also think that the company will use its considerable diplomatic skills to find a satisfactory solution to the dispute over Navidad. If that could be solved, the share price of PAAS would be transformed. For the moment the Navidad component is being neglected by the market and is being treated as a sleeping asset. I agree that patience is required at this point.

After yesterday's break of the $20/oz. level, the chart for physical silver is looking a lot better, and the third quarter is easily the best on a historic basis.