Breaking News .....Silver mine collapse

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.
 
Roswell Crash Survivor said:
Clawhammer said:
Looks like the pit's nearly finished anyway :/
Click to expand...

Are you saying this was some kind of 'insurance job'? :P

Glad to hear nobody got hurt.
Click to expand...

:)

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.
179_utah.jpg
 
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 said:
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.
Click to expand...

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.
 
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!
 
It is only 0.6% of the annual silver mined - won't make much of an impact
 
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]
753_ben-bernanke_111.jpg
[/imgz]

It's either that or something else.
 
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