AceofKY

Frizzers,

Can you list your favorite silver stocks for us? Some of the juniors look a lot cheaper after the August meltdown.

Thanks,

Ace

High River Gold has a massive high grade silver resource in Russia. We ate dinner with one of their geologists at PDAC. They have (or will have later this year) enough gold production, however, that the leverage to silver price probably wouldn't be that significant. Lots of country risk also, I believe, although a couple people at PDAC tried to convince me that Russia is safe for investment now.

The geologist we ate with works in Burkina Faso (sp?). He said he feels perfectly safe in that country. I have avoided investing in Africa for the most part, although I did invest quite a bit in Rio Narcea last year (which is starting to pay off finally). Rio has a gold mine in Mauritania that will be starting up this year.

The thing that I question about silver is....isn't there a massive amount of supply coming online in the next few years? I see all these base metal companies building these huge mines where silver is a byproduct. Then you have the Penasquitos and Prognoz's that will be hitting the market in a few years. How long can silver prices stay high if production increases?