GREY:GPLDF - Post by User
Comment by
casey13on Oct 14, 2008 12:14pm
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RE: What is the cost per oz?
RE: What is the cost per oz?tHE comex PRICE OF silver is now below the cost of production for almost all silver miners.
I was told at the Toronto Resource Conference that our cost per ounce is about 13.50.
There is a disconnect between the physical and comex price that can not last without the shortage spilling over into the industrial market.
When that happens the industrial users will scramble to secure supply and the price will go back up very quickly.