Breaking News .....Silver mine collapse

Discussion in 'Silver' started by shilly20, Apr 14, 2013.

Page 1 of 2
  1. shilly20

    shilly20 Member

    Joined:
    Apr 21, 2011
    Messages:
    69
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Australia
    shilly20, Apr 14, 2013
    #1
  2. DanielM

    DanielM Active Member Silver Stacker

    Joined:
    Oct 23, 2012
    Messages:
    2,889
    Likes Received:
    29
    Trophy Points:
    38
    Location:
    Melbourne
    Wow
     
    DanielM, Apr 14, 2013
    #2
  3. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    Looks like the pit's nearly finished anyway :/
     
    Clawhammer, Apr 14, 2013
    #3
  4. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,327
    Likes Received:
    174
    Trophy Points:
    63
    Location:
    Australia
    whinfell, Apr 14, 2013
    #4
  5. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    2,621
    Likes Received:
    505
    Trophy Points:
    113
    Location:
    Nevada
    Are you saying this was some kind of 'insurance job'? :p

    Glad to hear nobody got hurt.
     
    Roswell Crash Survivor, Apr 14, 2013
    #5
  6. Greenman

    Greenman Member Silver Stacker

    Joined:
    Dec 6, 2012
    Messages:
    550
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Australia
    Crikey. We better get more paper silver underway to cover the shortfall.
     
    Greenman, Apr 14, 2013
    #6
  7. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,809
    Likes Received:
    2,602
    Trophy Points:
    113
    Location:
    here there everywhere
    It's called a Jewish stocktake :p
     
    spannermonkey, Apr 14, 2013
    #7
  8. Greenman

    Greenman Member Silver Stacker

    Joined:
    Dec 6, 2012
    Messages:
    550
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Australia
    When exactly did it happen? We're the markets still open?
     
    Greenman, Apr 14, 2013
    #8
  9. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    10% of US silver supply... which is the mandated form of silver for US silver eagles - has to be US produced silver.

    Ouch. This *should* see a rebound in silver prices tomorrow, but who the turtle knows in this market.
     
    goldpelican, Apr 14, 2013
    #9
  10. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    :)

    Couldn't really see it in the earlier posts on this...it was just a single pic. But looking at those new pics you'd have to admit, at best, there was only another 10-15% left in the pit design. If you guestimate how much of that slip material from the slope is now in the bottom of the pit... you can easily assume it was pretty close to the end of production...opencut wise at least.

    Looking at the size of those dump trucks (they'd have to be 200 tonners for an operation that size) 10-15% would've still been a few years of work. But now they've got years of work to strip all that overburden before they reach the ore again... and even then there might not be much left. My bet is that this is a show stopper :(

    N.B. they must've been in a hurry to get out... they left the fully loaded trucks at the bottom of the pit... must've high tailed it out of there in light vehicles.
    [​IMG]
     
    Clawhammer, Apr 14, 2013
    #10
  11. Andy28

    Andy28 Well-Known Member

    Joined:
    Apr 4, 2013
    Messages:
    1,044
    Likes Received:
    80
    Trophy Points:
    48
    Location:
    Sydney
    Did i just miss the boat on buying?
     
    Andy28, Apr 14, 2013
    #11
  12. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    Listened to a US TV report on the incident - a mine manager was saying they thought they had parked those trucks "out of harms way" - the slip travelled further into the pit than expected.
     
    goldpelican, Apr 14, 2013
    #12
  13. Greenman

    Greenman Member Silver Stacker

    Joined:
    Dec 6, 2012
    Messages:
    550
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Australia
    It happened Wednesday! So much for market moves!!!
     
    Greenman, Apr 14, 2013
    #13
  14. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    Well that reinforces my assumption that the pit base was a lot deeper. You can see how the flow has jostled the trucks around... they wouldn't have been parked up like that.
     
    Clawhammer, Apr 14, 2013
    #14
  15. menotcrimex

    menotcrimex Member Silver Stacker

    Joined:
    Feb 20, 2013
    Messages:
    689
    Likes Received:
    1
    Trophy Points:
    16
    You will note in Treasure hunters thread I mentioned I ( for once )
    Had no guess for Silver as I felt unforseen events unfolding.

    Lucky again aye!
     
    menotcrimex, Apr 14, 2013
    #15
  16. Greenman

    Greenman Member Silver Stacker

    Joined:
    Dec 6, 2012
    Messages:
    550
    Likes Received:
    8
    Trophy Points:
    18
    Location:
    Australia
    Greenman, Apr 14, 2013
    #16
  17. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    Screengrabs from Greenman's youtube link...

    [​IMG]
    [​IMG]
     
    Clawhammer, Apr 14, 2013
    #17
  18. whinfell

    whinfell Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2012
    Messages:
    3,327
    Likes Received:
    174
    Trophy Points:
    63
    Location:
    Australia
    Nah, they're just Tonka toys in a sand-pit ... aren't they? :lol:
     
    whinfell, Apr 14, 2013
    #18
  19. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    It is only 0.6% of the annual silver mined - won't make much of an impact
     
    trew, Apr 14, 2013
    #19
  20. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,684
    Likes Received:
    4,447
    Trophy Points:
    113
    Guys, I'm serious, but this may be the actual proof we need.

    If you copy the second of hammer's image and zoom into the the top right hand corner 3000x - look who's watching all smug and self-righteous.

    [imgz=http://forums.silverstackers.com/uploads/753_ben-bernanke_111.jpg][​IMG][/imgz]

    It's either that or something else.
     
    mmm....shiney!, Apr 14, 2013
    #20
Page 1 of 2

Share This Page