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Shoshone Silver/Gold Mining Company Message Board

  • dasamaru40 dasamaru40 Jul 20, 2009 12:04 PM Flag


    In re SHSH: Nothing is likely here until there is a discovery or some other exogenous event. The annual report indicated that the company is still in a' phase one' of its operations and production is some distance away in time. In the July 17th issue of THE MOGAMBO GURU, some notes pulled from its supply and demand report: Silver's use in industry is now 50% of the entire annual production versus 35% ten years' ago and is the fastest growing area. If all mined silver in 2008 was sold at spot, the entire supply chain would generate revenues of $10BN @ a price of $14.94 an oz. There are only 22 pure silver mines around the world. For 15 straight years, they have fallen short of meeting total demand.

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