it is actually better than this: the ceo said during the last quarter conference call (March 2007 presentatin)to expect on the order of 35% production growth in earnings near term.....now add to that 35% the additional annual appreciation in the metal itself....perhaps another 35% appreciation.....and what is that for you math wizze's out there...??,,,and all of it falling to the bottom line as the mines are all in place, and PAAS is debt free.
Here is what I meant to say: 35% growth in production PLUS the appreciation in the price of the metal products themselves. This appreciation in the metals is really why all of us are investing in these pm companies in the first place. Silver is going to the moon. It will assume much of the hard work going forward for a company such as PAAS. The fact that the company is itself showing such a robust production increase is wonderful icing on the cake. (silver and the wonderful byproduct metals such as zine, lead, don't forget). Anyway, for those of you interested in learning about how PAAS really operates, how the comapny has done the last quarter, and what its future really looks like, the transcript of the conference call is fascinating.....http://www.panamericansilver.com/investorrelations/conference_calls/overview.htm