sean rakhimov issued a report on silver standard, which has not been published in the clear, so here is just a small snippet from it on the company's market cap. he uses the recent acquisition of aquiline as the yardstick for pitarrilla, and the valuation of seabridge as the comparison for snowfield. so aside from three major projects, the market value assigned for some excellent projects which total more than 1 billion ounces of silver is zero:

Total Market Cap $1,500,000,000

Pirquitas $650,000,000

Pitarrilla $550,000,000

Snowfield $300,000,000

Rest of SSRI approx. 1B+ oz Ag eq $0

As of day close November 13, 2009, the market values the rest of Silver Standard’s roughly 1 billion oz of silver (eq.) ounces at $0.00, with a big Z. That includes the San Luis Project discussed above, the San Agustin, which we visited last year and believe has the potential to be another monster deposit, the entire team, another dozen projects scattered through the Americas, and so on.