I got this reply from Terry Byberg, President/CEO of Silver Eagle:
- Quote :
- Morgan is wrong. He is using incorrect information. I will be contacting him and expect we will meet in San Francisco at the upcoming conference on the 18th. I am attaching a comparison of silver Mines compiled by TD. You will notice we are middle of the road.
Here is the list of producers followed by a list of emerging producers. The lists are in order from the lowest equivalent silver grade in grams per ton to the highest. The approximate percentage of the silver equivalent that is actually silver is shown after each name. This is from a Nov.1, 2007 TD Securities bar chart showing a line indicating the average at 329 (for producers) and 398 (for emerging producers) grams per ton equivalent:
Silver Producers:
Silver Wheaton - Los Filos 100
Silver Wheaton - Penasquito - Heap Leach 100
Silverstone - Aljustrel 100
Silver Wheaton - Penasquito - Mill 100
Coeur d'Alene – Rochester 60
Silverstone - Neves-Corvo 100
Silverstone – Aljustrel 100
Coeur d'Alene – Endeavour 100
Coeur d'Alene - Broken Hill 100
Silverstone – Cozamin 100
Silver Wheaton – Zinkgruvan 100
Coeur d'Alene - San Bartolome 100
Revett Minerals – Troy 40
Silver Wheaton - Luismin - San Martin 100
Pan American - Alamo Dorado 85
Coeur d'Alene - La Patria 33
Revett Minerals - Rock Creek 40
US Silver - Silver Valley 10
Great Panther - KM66 45
Gammon Gold – Ocampo 50
Silver Wheaton – Stratoni 100
Endeavour – Seco 100
Coeur d'Alene – Guadelupe 65
First Majestic - San Martin 100
Pan American - Manantial Espejo 60
Genco - La Guitarra Mine 65
Silverstone – Montoros 15
Silver Wheaton – Yauliyacu 100
Great Panther – Guanajuato 60
Gammon Gold - Guadalupe y Calvo 40
Coeur d'Alene – Palmarejo 55
First Majestic - La Encantada 85
Silverstone – Copala 60
Endeavour - Guanacevi - Alex Breccia 90
Silver Eagle - Miguel Auza 52
<-- 329 gpt equivalent silver grade, the average of this list. About 52% of this represents silver.Silver Wheaton - Luismin - San Dimas 100
First Majestic - La Parrilla 75
Endeavour - Guanacevi - Povenir Mine 90
Pan American – Huaron 45
Endeavour - Guanacevi - Porvenir Dos 90
Gammon Gold - El Cubo & Las Torres 45
ECU Silver – Velardena 52
Silverstone – Claudia 45
Endeavour - Guanacevi - Deep Santa Cruz 90
Silverstone – Promontorio 85
Pan American – Quiruvilca 33
Pan American - San Vicente 66
Pan American – Morococha 40
Fortuna – Caylloma 52
Coeur d'Alene - Cerro Bayo 50
Hecla - Lucky Friday 50
Pan American - La Colorada 70
Hecla - San Sebastian 30
Great Panther – Topia 45
Hecla - Greens Creek 30
Silvercorp – Ying 50
Coeur d'Alene - Mina Martha 92
Emerging Silver Producers:
Silver Standard - Maverick Springs 100
Silver Standard – Candelaria 100
Silver Standard - San Agustin 20
Silver Standard – Bowdens 66
Silver Standard – Pitarrilla 100
Bear Creek – Corani 55
Silver Standard – Diablillos 52
Mines Management – Montanore 48
Apex - San Cristobal 40
Silver Standard – Challacollo 100
Silver Standard – Pirquitas 85
Silver Standard – Berenguela 52
Silver Standard - San Marcial 80
Silver Standard - Veta Colorada 100
Sabina - Hackett River - Open Pit 33
Silver Standard – Shafter 100 <-- 398 gpt equivalent silver grade, the average of this list.
Scorpio - Nuestra Senora 40
Sabina - Hackett River – Underground 35
Silver Standard - Sunrise Lake 40
Silver Standard – Silvertip 38
Scorpio – Candelaria 55
Yukon Zinc – Wolverine 30
Canadian Zinc - Prairie Creek 15
Silver Standard – Sulphurets 40
Home 
Wed Oct 17, 2007 9:30 am
20,010,000 units at $1.50 with warrants priced at $2.03 and expiring in Nov. 2008!!! Now, I think it is fair to say that's a good raise. 
