11 votes

Landslide shuts down silver mine in Utah that supplied 10% of domestic production. POOF! Gone.

http://silverdoctors.com/10-of-us-annual-silver-supply-just-...

So, a 10% reduction in capacity for the next few years... I am thinking that should knock the price down by 20% or so...



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who is John Galt?

Sorry couldn't help it lol.

Homeland security statement: patriotism is now considered terrorism.
I love www.isidewith.com shared it with everyone I know. If anything they realize its not just a red and blue idiot running for reelection.

They are not even a major player,

RTNTF is an over the counter bulletin board stock. Can they really control that much supply? Interesting move stop production, while the paper and physical battle plays out. And collect insurance money in the off period. Might have to invest here. (After the sell off)

the stranger's picture

copper

landslide shuts down 'copper' mine; silver is byproduct.

Estimates

Well, I'm sure the biggest concern is further slides, and safety. That will take some time to assess and remedy.

Then, it is possible that the slide will actually help production, as it has loosened and pulverized these materials for hauling.

Estimates for these things are often padded.

What do you think? http://consequeries.com/

How

Why would the price go down? I think you're confused.

Sarcasm?

Some people are almost too dry.

What do you think? http://consequeries.com/

Sarcasm?

Are you saying the OP is being sarcastic because I don't get it

The OP was being sarcastic.

There ought to be a "sarcasm" font.

Love or fear? Choose again with every breath.

And this is how a "cynic" is created..

I would like to take this opportunity to point out that my sarcasm is not far from what is playing out. As to the person who hinted my humor may be "too dry" - well.... what say ye now?

Love or fear? Choose again with every breath.

I told you

I told you to never do business with Danconia Copper!

i don't know but i never buy mining shares.

i only buy physical silver.

less mining would result in less supply

therefor eventually demand will outpace supply and will result in price increase.

witnesses report seeing a bald bearded man fleeing the area

the reports are coming in just now, fleeting glimpses of a shadowy figure seen through the billowing dust. Some have speculated that it was an effeminate Sasquatch but those thoughts are being quickly dispelled as evidence of wires and a detonating device are being unearthed. Other witnesses report hearing a helicopter in the distance, although the connection to this incident is not yet clear.

stay tuned for more breaking news...