Re: SVM .. Oh who to believe ......
in response to
by
posted on
Sep 20, 2011 04:13PM
We may not make much money, but we sure have a lot of fun!
the "fictitious and anonymous" Alfred Little
LOL!
I read that report.
This is the bit that got my attention:
> According to its 43-101 report SVM ships 30 tonnes of ore per truckload. <
http://tinyurl.com/6emahac
And yet in an in-depth interview with Jim Puplava, SVM's Lorne Waldman claims the trucks are carrying 45 tons.
http://tinyurl.com/3cnw9ft
So, which is the true statement? The one made on the 43-101, or in the interview? They can't both be true.
And if it's 45 tons, why is the lowest cost silver producer in the world overloading its trucks by 50%? Is there a shortage of trucks and drivers in China? Wages too high, are they? I don't know if they use public roads, but at the very least they're putting the driver at risk of a serious accident. There are several photos of their trucks on their website, including one which clearly shows the size of the loads. Somewhere in SVM's reports there'll be a number indicating the density of their concentrate from which, in combination with that photo, you could do a reasonable estimate of the weight of a loaded truck.
But there's an easier way than that. Publish the scale tickets for the period in question. Of course if it's 45 tons it contradicts the 43-101. Kind of trapped themselves there, didn't they?
Just to be clear, unlike Jim Puplava (http://www.secinfo.com/d19eV3.qc.htm) I don't hold a position in SVM
ebear