First Asset Morningstar Emerging Markets Composite T.EXM.A

RE: How can we go much lower

[BamBamBandito]

I don't know the full story yet but it seems to me that if EXM went belly up then Hochschild could pick up the rest of the mine cheap...........................

From Hochschilds website

Moris (total):  Year ended 31 December 2007

Ore production (tonnes)                 338,304

Average head grade silver (g/t)     4.70

Average head grade gold(g/t)       1.65

Silver produced (koz)                     13

Gold produced (koz)                     5.58

Net silver sold (koz)                       1 6

Net gold sold (koz)1                      3.26

1 Total ounces of gold and silver sold include 2.8 koz and 4.5 koz, respectively, that were produced during the construction phase of the plant and hence corresponding revenue has been recorded as a reduction to the capitalised cost of the plant.