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Message: Blue Note mined 42 million pounds of lead in 2008

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Re: Blue Note mined 42 million pounds of lead in 2008

posted on Oct 21, 08 02:22PM

tday $.63/lb, down by a buck in 6 months, Zinc is $.53/lb and many mines are under water at these prices. Silver Mining companies with high investment costs will also be treading water while the Comex screws them all. Miners even large ones with large investments in mines such as FR would probably have cost of production at least at $10/oz and here we are at less than that yet you can't buy a Silver Eagle unless you pay a premium of 80% on spot. We should put all our Silver production into some type of investment fund or start minting it along with any other producers that have had enough of being gouged to death. Silver should be at $19/ oz not 9!

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