MINING SILVER COSTS: Much Higher Than Most Realize

worldbubble said:
hundreds if not thousands of people posting words like " MINING SILVER COSTS: Much Higher Than Most Realize" from one place to another

anyone care to make analysis of the most productive mines?
NO!
silverseek, silverdoctor, silvershit_hole, you name it, will post the messages like "costs are high -bottom is near"
give people some proof, worthy analysis if you want them read it

deleted from bookmarks all these web sites since I've switched to numis
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As per my earlier post. You can easily do the analysis yourself. Just have a look at the profit and loss statements posted on the miner's websites. And, if you have any further questions, call the miner or email them directly. Tell them you are considering buying their shares. You can do this in about 5 minutes of your time. Why do you need to rely on other people to do the analysis for you? Should they make your breakfast too?
 
Silverlicious said:
worldbubble said:
hundreds if not thousands of people posting words like " MINING SILVER COSTS: Much Higher Than Most Realize" from one place to another

anyone care to make analysis of the most productive mines?
NO!
silverseek, silverdoctor, silvershit_hole, you name it, will post the messages like "costs are high -bottom is near"
give people some proof, worthy analysis if you want them read it

deleted from bookmarks all these web sites since I've switched to numis
Click to expand...

As per my earlier post. You can easily do the analysis yourself. Just have a look at the profit and loss statements posted on the miner's websites. And, if you have any further questions, call the miner or email them directly. Tell them you are considering buying their shares. You can do this in about 5 minutes of your time. Why do you need to rely on other people to do the analysis for you? Should they make your breakfast too?
Click to expand...
I have no problem with reading previous posts
I have problems with the statement: "MINING SILVER COSTS: Much Higher Than Most Realize "
Before making such a statement those who make it should provide analysis of MOST mining companies ... they should do it by themselves and not telling me to do so for them.
So, when they do their own research of the most productive mines then and only then they can make such statements otherwise it is a LIE.

Why do you need to rely on other people to do the analysis for you?
Click to expand...
you ask right question.
may ask you now? Why people bring such kind of BS?
It is not analysis of mining industry ... at max it is analysis of 5 companies(which are not the biggest) claiming that everything and everyone looks the same, while it is not . Why they do it as it seems you are the one who can answer the question? I think that they do it because they are selling their story not the reality.
 
here's the reality:

http://kingworldnews.com/kingworldn...ing_Indian_Buying_To_Crush_Silver_Shorts.html

Sprott: "I just read some data on India. It said that India, last year (in the) first five months, imported 1,900 tons of silver. So far this year they have imported 2,400 tons. Now to understand the significance of this I have to tell you that the amount of tons (of silver) mined (annually) is 25,000

"At 2,400 tons in the first five months, you are basically talking at least 5,000 tons (of silver) for the whole year. That would be 20% of the world's (annual) silver production. And this is not going into industrial uses. This is going into savings (for investment purposes).

And there is only a certain percent of the silver market which can go into savings because a lot goes into industrial. But here is the 'piece de resistance,' they said (India) imported 720 tons in April (annualize 8,000 tons). In May it went to 900 tons, annualized call it 11,000 (tons). We're going from 1,900 tons (of silver Indians were purchasing) to 11,000 tons, in a 25,000 ton market. That's impossible. There's not that amount of silver available for investment.

Here's what's interesting about these numbers, Eric: As they (Indians) can't buy gold, they are going to buy silver. If you tell the Indian population they can't buy gold, they want to buy something real. They don't want fiat paper. They are going to buy silver.
 
silvercomments said:
here's the reality:

http://kingworldnews.com/kingworldn...ing_Indian_Buying_To_Crush_Silver_Shorts.html

Sprott: "I just read some data on India. It said that India, last year (in the) first five months, imported 1,900 tons of silver. So far this year they have imported 2,400 tons. Now to understand the significance of this I have to tell you that the amount of tons (of silver) mined (annually) is 25,000

"At 2,400 tons in the first five months, you are basically talking at least 5,000 tons (of silver) for the whole year. That would be 20% of the world's (annual) silver production. And this is not going into industrial uses. This is going into savings (for investment purposes).

And there is only a certain percent of the silver market which can go into savings because a lot goes into industrial. But here is the 'piece de resistance,' they said (India) imported 720 tons in April (annualize 8,000 tons). In May it went to 900 tons, annualized call it 11,000 (tons). We're going from 1,900 tons (of silver Indians were purchasing) to 11,000 tons, in a 25,000 ton market. That's impossible. There's not that amount of silver available for investment.

Here's what's interesting about these numbers, Eric: As they (Indians) can't buy gold, they are going to buy silver. If you tell the Indian population they can't buy gold, they want to buy something real. They don't want fiat paper. They are going to buy silver.
Click to expand...

KWN is famous for reporting thepermabull reality.
 
Phiber said:
KWN is famous for reporting thepermabull reality.
Click to expand...
I can only confirm that.
And I consider it a sad thing.

Today I read this story:
http://www.rttnews.com/2143293/cyprus-industrial-output-falls-further-in-april.aspx?type=eueco
6/28/2013 7:01 AM ET

Cyprus' industrial production decreased further in April, data released by the statistical office showed Friday.

Industrial production declined 5.9 percent on an annual basis in April, after falling 17.9 percent in March and 16 percent in February.

Mining and quarrying production plunged 36.8 percent annually, and manufacturing production dropped 4.4 percent. There was an 8.2 percent fall in electricity supply during the month.

In the January-April period, industrial production decreased 11.9 percent from the corresponding period of 2012.

Separately, the agency said Cyprus' producer price index decreased 1.9 percent on an annual basis in May, after gaining 0.7 percent in April. Output prices in the domestic market dropped 2 percent, and those in the overseas market edged down 0.3 percent.
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These are some interesting figures. Because this is what to expect with an economy being taxed/confiscated/stolen from into the void.
No general price increasings, but decreasings, which in turn (I think) destroyed production.
But mining production 36.8 percent versus those other much lower percentages, surprises me.
Any more insight into this?
 
"KWN is famous for reporting the permabull reality."

Ok. So put a bearish context on the India purchase of 2400 tons of silver in the first 5 months of the year.
 
Clawhammer said:
Exploration, drill & Blast, milling and refining, Govt licencing, EPA, Mines Regulation, Administrative overheads, Fuel, Wages, Water, accommodation, transport & maintenance....etc etc etc


I have no idea how they can do it for $280/oz...let alone $28/0z...at $2800/oz it might be a worthwhile investment but :D
Click to expand...

You forgot bribes. Especially in third world countries you need to bribe a lot of people to 'make things happen' and keep officials on your side.
 
TreasureHunter said:
That's shocking: silver might be below production costs right now.
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Yeah! Because someone somewhere in the world went out bush with a shovel and spent about 3 days digging out an ounce of silver! Reckons he spent about $2,500 of his time/fuel/rego/work boots(sheeeze don't forget the beers) so this must mean anything under $2,500/oz is criminal right?
 
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