i'm out, page-31

mjshackl,

Comparing Cannington operations to CCU's operations is like comparing the USA to Tonga. As I have said in the past, pure silver plays are more likely to go bust in Aust than turn a profit. Cannington is one of the biggest silver mines in the world and the reason it is so profitable is its scale and the fact that it gets significant zinc credits which lowers the silver production cost per ounce. AYN and CCU are struggling big time because they have very little copper/lead/zinc/gold credits which can be used to lower the production cost per ounce. With the enormous wages that miners are paid in Aust I would think that no pure silver play will be profitable in Aust unless, either pos never fall below US$35 again or AUD trends down to 60c. None of this is going to happen in the next 12 months as far as I'm aware so the chances of these companies surviving is dependent on how willing share holders are to part with their hard earned cash.