Hello everyone,

The following bodes well for Grenville Gold and their Silveria Project:

http://www.platts.com/Metals/News/6693660.xml

Analysts forecast silver prices in the $15-30/oz range

Wallace, Idaho (Platts)--3 Jan 2008

Silver, which is revered by some investors as the "poor man's gold," is
in for a Nantucket sleigh-ride of price action in 2008, according to
market-watchers polled by Platts; these analysts are forecasting annual
average silver prices as high as $30.00/oz this year.

"I'm looking for a clean double [of the price of silver] this year," said
John Embry, a partner in the Toronto-based Sprott Assett Management. "We're in
the early throes of a serious monetary debasement. It will attract investment
in precious metals, and silver [will] be the major beneficiary, trading up as
much as a buck in a single day."

Embry continued: "Demand for silver is solid, but you can't get more
production. Labor shortages in the mining sector are a critical issue. Silver
is a coiled spring [that is ready to unwind], and the everyday market doesn't
have a clue. I'm predicting $30/oz [silver price] this year."

Jeffrey Christian, managing director of the New York-based metals
consultancy CPM Group, who is not as bullish as Embry, noted that the silver
price should average in the mid-teens for 2008.

"It's easy to be bullish [on silver] today," said Christian. "Our
published projection for 2008 [which was made around mid-2007] is $15.63/oz
for the average. We are looking for higher prices, based primarily on strong
investment demand. You have a number of investors who are buying silver for
same reason they're buying gold: They don't believe financial assets are
safe."

Christian continued: "The price of silver has risen to a very high level,
but it's nowhere near the record highs you're seeing in gold and platinum.
Silver will play catch-up." A big boost for silver demand will come from the
newly-created, silver-backed exchange traded funds in Europe, he noted.

--David Bond; newsdesk@platts.com

I_Luv_GVG