Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Free
Message: Ted Butler ? Nah, another silver expert...

So I will give you my calculation. It will be a gradual explosion of prices and slowly the users and the new investors will eat up the world visible silver, which today is around 500 million ounces. In my calculation the first 100 million ounces of visible silver will disappear at a price of $60 to $100 an ounce. The second 100 million ounces will disappear by $250, and the third 100 million ounces will disappear between $250 and the price of gold ounce for ounce.

So, turning to ECU. A recent post referenced Midas Report estimation of ECU resource of 700 million ounces silver (equivalent ?), and a current in ground price of $0.19 per ounce.

If using the italicized scenario, we have the price of silver at a nominal $125 per ounce, what will the in ground price likely be, and the subsequent share price? The mind fairly boggles.

Share
New Message
Please login to post a reply