RE: RE: RE: RE: RE: James West PICKS XAG!!Means they have 40 million ozs. of silver.
And it means they have other metals, and that if you took their value (as approximate example zinc = $1 and lead = $1 and copper = $4, etc...) added it up it would equal the value of what an additional 100 million ozs. of silver would be (say as approximately $27/oz). As an aside, XAG is not using these exact values I'm assigning to these individual metals, this is just as an example. Usually, when a company calculates silver equivalent or gold equivalent, you can find the exact value they assign to each metal in their calculation if you look for it.
So all their metals together equal about what the value of 140 million ozs. of silver would be worth, but only about 40 million ozs. of that is actual silver.
And of course, these numbers should be changing when they release a new 43-101.