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Message: proportion of gold and silver in ECU's reserves/resources

proportion of gold and silver in ECU's reserves/resources

posted on Nov 14, 2008 04:56AM

Probably because of its name (ECU Silver Mining) we consider ECU as a silver play, but when you look at Velardena, (if I am not mistaken) there is almost as much gold as silver in terms of the value of proven reserves. At today's gold and silver prices ofcourse.

Did anyone make the calculations for ECU as a whole as to what part of reserves is gold, what part is silver and what part is other metals and how those proportions are developing with the new drilling results?

That question may be relevant if gold and silver prices were to develop very differently from hereon.

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