Silver Standard Resources - 500 Beiträge pro Seite

[peter.wedemeier1]

Long Position eröffnet

peter.wedemeier1

[gholzbauer]

Vorhin eine Limo getrunken

gholzbauer

[peter.wedemeier1]

Date: July 24, 2002



Silver Standard Buys Silver In The Ground At Prices Which Should Make Gold Producers Weep.


Plenty is being published about the performance of gold as the store of value when all around the world equity markets are falling out of bed, but what about silver? The bell wether has to be Silver Standard with its 500 million ounces of silver in all categories – measured, indicated and inferred. Effectively the company provides investors with investors with a liquid and highly leveraged , unexpiring call option on the precious metal. The Americans seem to appreciate this more than the Canadians which is why the stock is listed on Nasdaq, but it is also listed on the Toronto Venture Exchange where it is about the biggest company in terms of market capitalization.

As to its defensive qualities, they are plain to see. The share price has more than doubled on both exchanges and, despite the slight setback in the price of silver, has coninuted to perform sturdily near the year’s high points. However the World Silver Survey 2002 which was published by the Silver Institute a couple of months ago had some encouraging news. The supply /demand deficit last year was 89.4 million ounces and it now looks as if the Chinese are no longer able to come up with the difference from their stockpile. If this proves to be the case, and this data is provided for the Institute by the respected Gold Fields Mineral Services so carries plenty of weight, the outlook for silver must continue to be bright on both counts – the industrial one and in its role of slipstreaming gold.

Silver Standard had a busy first quarter in 2002. It optioned the San Marcial silver property in the Sierra Madre mountains of Mexico from Gold-Ore Resources and has already intersected high grade silver mineralisation over significant widths during the due diligence drilling. As a result a 1,400 metre reverse circulation drilling programme is now underway and the first results should be announced before the end of this month. The company also completed some rather convoluted deals which ended up with Silver Standard being the operator of a 50/50 joint venture with Pan American Silver on the Manantial Espejo silver-gold project in Argentina. A resource estimate is currently being calculated and a 6,000 metre drilling programme is expected to start in September.

The company has also acquired a 43.4 per cent stake in the Pirquitas silver-tin project in Argentina from Stonehill Capital. The mineable reserve from the Pirquitas deposit as calculated by MDA of Reno is 27.983 million tones at 161 g/t silver to give a total of 144,750,000 ounces of silver. In addition the previous management had identified jig tails on the property containing 4.4 million ounces and further pit area resources amounting to an additional 60.8 million ounces of resources. If these numbers are confirmed Silver Standard will have acquired 90.7 million resource ounces of silver in its 43.4 per cent stake. The purchase price will therefore have been US$0.05 per resource ounce which looks pretty fair with silver at US$4.93/oz. Worked on a similar basis this is equivalent to buying gold resources at aroundUS$3.20/oz, whereas gold producers would be falling over each other to buy gold in the ground at ten times that level.

No wonder Robert Quartermain , president of Silver Standard , can afford a slight smile as he says in the last quarterly report, “this meets with Silver Standard’s purchasing criteria.” Sure it does and even if the sums are confined to the reserve figures alone the payment would only rise to US$0.07/oz. And maybe he will be able to come up with some similar deals as Silver Standard had C$23 million in the kitty at the end of May and no material long-term debt. Cash is king when markets are in disarray and Quartermain anticipated matters well by raising C$16.8 million at the beginning of that month and also got the benefit of Kinross Gold’s decision to exercise its warrants to the tune of another C$2.1 million.

The latest news from Silver Standard is that it has made several high-grade silver intersections in initial results from a 2,300 metre, 14-hole programme of reverse circulation drilling at its Challacollo silver property. The aim of the programme was to initiate infill drilling of the Lolon vein, one of four known mineralized structures on the property and to test the south and north extensions of the Lolon vein. The indicated and inferred resources at Challacollo increased to 47.2 million ounces of silver earlier this year, but the high sulphidation epithermal precious metals system has not been tested either by mining or drilling below 240 meters from surface. All to play for in what is a slightly neglected sector of the mining world.

[xnickel]

#2
Gerade über #2 gelacht und wieder ausgeklinkt.
xn

[tfinder]

Hallo, weiß einer warum SSR so abgestürzt ist?

[peter.wedemeier1]

Geht wieder rein nach dem großen Sturz. SSRI sollte gut sein für einen Trading Bounce auf $5,- - 5,50.

peter.wedemeier1

[granitbiss]

rein raus soll ja nicht schlecht ein.
mal sehen , wann Wedi "Dividende" verkündet.

[tfinder]

Hi Wedi,
geht wieder rein nützt mir nicht viel. Kennt jemand die fundamentalen Gründe für diesen Absturz? Und wenn ja warum soll man wieder reingehen. Gab schon viele Aktien die nach Kurzsturz um 50 % noch zu teuer waren

[peter.wedemeier1]

SSRI ist zu diesem Kurs ein sehr guter Deal!!! und eine sehr sichere Aktie im gegensatz zu dem Großteil der Dow Jones (DAX) Aktien und Nasdaq (Nemax) Aktien, die einen weiteren Schlag sehr bald erleben werden. Letzte Woche war eine sehr schlimme Woche für alle Minen.

peter.wedemeier1

[Valentina]

Und die nächste Woche wird noch viel schlimmer!!!!!!!!!
Unbedingt verkaufen!!!!!!!!!!!!!
In der kommenden Dow-Rallye gibt es in Silber nichts zu gewinnen.

Und kauft auf keinen Fall Peter Wedemeiers Anteile. Der hat nur die Hosen voll, weil die Kurse schon jetzt unter seinem Einstand liegen.


Liebe Grüße, Valentina

[Guru-Schreck]

Wenn sich Peter erst einmal irgendwo festgebissen hat,
lässt er so schnell nicht mehr los.

[skeet.ht]

Momentan werden die Shortis etwas gedrückt! Das ist doch keine Wende.
Also einfach Goldminen oder Silverminen kaufen und in ca. 3-4 Jahren die Gewinne einstreichen!
Das ist doch nicht so schwer oder? In 3-4 Jahren ist es übrigens egal ob man bei
2$ oder bei 4$ gekauft hat!
Siehe z.B. Lukoel (gekauft vor ca. 3 Jahren)

Gruß
Skeet.ht

[Guru-Schreck]

@skeet.ht

Du vergleichst meiner Meinung nach Äpfel mit Birnen.
Die Ölwerte haben mit den Gold- und Silberaktien nicht viel
zu tun. Die Märkte sind ganz anders strukturiert.

[skeet.ht]

Wieso?

Der Gold und Silberpreis haben den langfristigen Abwärtstrend gebrochen und werden langfristig Steigen.

Das war bei den Ölwerten auch so!

Gruß

[peter.wedemeier1]

SSRI hat nun als erstes das Gap bei $6,- zu schließen. Bull Market bei SSRI! In der letzten Woche gab es nur ein Ausschütteln von den schwachen Händen und den Warmduschern. Nur wenn Gold mit Kraft unter die $300 gehen sollte, dann würde SSRI dieses verfehlen. Aber Sie, die Gangster (Banken, Regierungen von der Welt) können nicht das Gold für immer oder gerade sehr lange unten halten.

peter.wedemeier1

[peter.wedemeier1]

Silver Standard Resources Inc. is among the few publicly-traded companies in North America that are focused on the development of silver deposits internationally. Silver Standard`s objective since 1994 has been to acquire significant in-ground silver resources and to develop these projects into silver-producing mines. All but one of the company`s projects have been purchased or optioned at a fraction of silver`s current price and at a significant discount to the investment by prior owners.

Silver Standard is distinct in several key ways:

* none of the company`s projects is currently in production, pending higher silver prices;
* its projects are silver-dominant, i.e., the primary economic value in most projects is silver which increases shareholder leverage to higher silver prices; and
* the company`s projects are geopolitically diversified.

In addition, the company has no long-term debt, significant environmental liabilities or hedging or derivatives in place. With large silver resources owned or under option, and with relatively capitalization, Silver Standard offers investors high leverage to future silver price increases, similar to an unexpiring call option with exploration upside.

At December 1, 2001, Silver Standard has interests in eight projects:

1. the 100%-owned Bowdens project in New South Wales, Australia;
2. a 10% direct interest and an option to earn a further 40% interest in the Manantial Espejo project in Santa Cruz province, Argentina;
3. the 92%-owned Shafter project in Texas;
4. an option to purchase a 100% interest in the Diablillos project located in Salta province, Argentina;
5. a 100% interest in the Candelaria mine in Nevada;
6. a 100% interest in the Sulphurets-Bruceside project in British Columbia, Canada;
7. an option to acquire a 100% interest in the Challacollo project in northern Chile;
8. an option to acquire a 100% interest in El Asiento in Bolivia.

All but the Sulphurets and El Asiento projects are considered core projects whose economics improve with higher silver prices.

Silver Standard`s core projects have measured and indicated resources totaling 163.9 million ounces of silver plus inferred resources totaling 249.6 million ounces of silver. The company currently has 30.0 million common shares outstanding, with 34.9 million shares fully diluted. This means that each share of the company is backed by approximately 11.8 ounces of silver in all categories on a fully diluted basis.

Silver Standard was incorporated in December 1946 and has been involved in exploration for and production of precious and base metals for over half a century. Since its inception, the company has earned a reputation for integrity and professionalism in the resource business. Teck Cominco Limited, a multinational producer of gold, base metals and coal, has been a shareholder of Silver Standard since 1968. Other larger corporate shareholders include Barrick Gold Corporation and Kinross Gold Corporation.

The company`s common shares are traded on the Nasdaq SmallCap Market under the symbol "SSRI" and the TSE/CDNX Exchange under the symbol "SSO." Silver Standard`s shares are widely held among retail investors in the United States, Canada, Europe and Asia.

Silver Standard`s board of directors and senior management are predominantly geologists and mining engineers with extensive experience in the exploration, development, financing and operation of both underground and large-scale open pit mines in a variety of climates and political environments.

http://www.silver-standard.com/

[peter.wedemeier1]

Der Aufwärtstrend hat wieder gestartet. Der Silber Futures steigt. der 50-day EMA befindet sich aktuell bei $5,14 und der 13-day EMA befindet sich aktuell bei $4,70.

peter.wedemeier1

[peter.wedemeier1]

Ich mag SSRI und Silber (Long Empfehlung)
Eines Tages schaltet Silber in den ersten Gang, danach in den zweiten und danach wird es losrasen.

peter.wedemeier1

[peter.wedemeier1]

Inflation! Rechnet erst mit einer Deflation und danach mit einer Inflation (evtl. Hyperinflation). Inflation bedeutet höhere Zinsen, höhere Metallpreise und damit höhere Gold- und Silberpreise im speziellen.

peter.wedemeier1

[peter.wedemeier1]

COMMENTS FROM JIM SINCLAIR:

This is going to be the toughest call of this entire $300 - $330 sideways movement. The reason why is because, as we enter the $320 - $325 range, there is a knee-jerk reaction in the gold market. The gold market is so used to the arrival of JPM, Lehman, Goldman and Merrill as sellers pounding the market, that gold shares now almost automatically decelerate, as a knee-jerk reaction to gold being at the the $320 -$325 price. At this price, the gold shares` appreciation decelerates and actually stops dead in their tracks.

What the market has failed to realize is that these gold dealers, due to their own liquidity situations, are now no longer the big position takers in gold as they were before. All they have been doing lately is exercising clients` orders. The sellers of gold that have come into gold market at the $320 - $325 area have not been the gold cartel. They have been the local floor traders and speculator computer traders. Again, not the cartel. This is why we have had higher lows as we chop sideways.

I firmly believe the chances of taking out the $330 level to the upside before Christmas is real because the significant enemy of the gold price, the gold cartel, is out of business. They have had their trading capital called back to the parent holding company because of the effects of the credit downgrade on the parent holding companies. When the market wakes up that the enemy is no longer there, no event will be required to take gold above $330. It will simply go there.

Here is how we will determine if gold is going to break out above $330:

Have you wondered how I was able to determine the heads up and buy/sell points in this rally? Well, thanks to RGLD/GG and the use of proprietary measures in the duration period of the chart, the slow stochastic and Williams %R, I have when these leading (action-wise) gold shares entered an oversold condition, began to look for the buy and overbought for the sell. Now as gold approaches $330, if the gold shares (which historically know more about gold than gold does) are not into the overbought condition that have been so accurate, we will assume $330 is going to breach and NOT SELL our 1/3.

This means we are remaining disciplined, but being superbly focused. I will, as we near this situation, be doing daily technical reviews. I consider the market at this time more critically positive than ever before in this 11-month rally. The magnificently symmetric, three-year golden tea cup formation* would break to the upside out of the handle at a close above $330. This type of a formation, over this amount of time, is extremely rare and super bullish. I have in my 43 years never seen a technical formation of this kind for this long a duration with this type of symmetry. It is rare and important. This type of a formation will launch only one thing, a huge Bull market, if resolved to the upside. The probability of failure after gold breaks to the upside above $330 from this type of a formation is less than 10%. Those odds are outrageously good for the long.

We know the bull market in gold started 11 months ago, but history will record the breakout above the handle on the golden tea cup as "The Birth of the Gold Bull Market." This will occur because the amount of appreciation above the handle will be orders of magnitude compared to the 11-month appreciation we have already witnessed. Be assured that I am focused and will be keeping the Gold community as closely focused.

[peter.wedemeier1]

The Fifteeth Annual
San Francisco Precious Metals Conference
December 1-2, 2002
The San Francisco Marriott, 55 and 4th Street

Focusing on value investments and wealth preservation with the global leaders in gold, precious metals and mining.



http://www.iiconf.com/SanFrancisco/

[peter.wedemeier1]

[peter.wedemeier1]

Special Situations for SMART INVESTORS
http://www.gold-eagle.com/editorials_02/zihlmann111502.html

[peter.wedemeier1]

"NEW YORK, Nov 15 (Reuters) - COMEX gold gained in early trade Friday on news of a surprise surge in October U.S. producer prices and a warning by the FBI that al Qaeda may be planning "spectacular" attacks inside the United States.

Reacting to signs that inflation may not be as quiescent as the market thought, gold perked up after the Labor Department said its Producer Price Index rose 1.1 percent last month, surprising a market looking for a 0.2 percent gain."

[peter.wedemeier1]

Valuing SSRI
http://www.gold-eagle.com/editorials_02/bloom111802.html

[peter.wedemeier1]

RUSSIAN CENTRAL BANK ISSUES NEW GOLD, SILVER COINS
Source: BBC Monitoring Former Soviet Union - Political
Text of report by Russian news agency ITAR-TASS

Moscow, 11 November: The Central Bank of Russia today put into circulation the gold coin with the denomination of 25 Roubles and the silver coin with the denomination of 2 Roubles in the "Signs of the Zodiac" series, with the image of Sagittarius depicted on both coins, the bank`s external and public relations department reported on Tuesday [as received].

The gold coin, with gold mass content of 3.11 g, is hallmarked 999, and the silver coin, with silver mass content 15.55 g, is hallmarked 925.

According to Prime-TASS, a total of 50,000 gold coins and 20,000 silver coins will be put into circulation.

The averse of both coins, carries the emblem of the Bank of Russia - the double-headed eagle with lowered wings - inside a beaded circle and the semicircular inscription "Bank of Russia" under the eagle.

The reverse of the coins carries a relief of a centaur with a bow against the background of stars and the sign of Sagittarius constellation on the right-hand side of the coin.
Publication date: 2002-11-10

[peter.wedemeier1]

[peter.wedemeier1]

[peter.wedemeier1]

UPDATE: Silver Standard Resources is also listed on the Toronto Stock Exchange. The company is a bit of a maverick. It has huge reserves of silver in the ground, but is not involved in production at any of its projects. At the moment, therefore, Silver Standard shares provide investors with a liquid and highly leveraged, unexpiring call option on silver. A look at the chart of the share price shows that it topped out in June/July `02 when silver was pushing away at the $5/oz barrier. Since then silver fell back to around US$4.50/oz and Silver Standard shares have followed suit. The leverage to the metal price is obvious from this, so the shares are really for bulls of silver. At the moment gold is through US$320/oz and silver is testing US$4.60/oz so they may be sharpening their horns once again. As at the end of June this year the company had measured and indicated resources amounting to 225.6 million ounces of silver for its own account. If its gold resources of just over a million ounces are added on the total rises to 268.7 million ounces of silver equivalent.. In silver alone, this means that every Silver Standard share is represented by 7.4 ounces of silver!!! Looked at from this angle there is a pretty big disparity between the current share price around $4.60 and the backing in terms of silver in the ground which works out at $31.82 per share. As anyone who has ever invested in mining knows, however, there is a lot of difference between silver in the ground and a bar of refined silver in the safe.

But Silver Standard does not simply sit on its resources and hope the price of silver will rise. It explores and it makes acquisitions, provided, as Rob Quartermain, the president of Silver Standard says, "they meet with Silver Standard`s purchasing criteria." In other words they are cheap. A good example was the 43.4% stake in the Pirquitas silver project in Argentina which was acquired from Stonehill Capital in June. The mineable reserve from the Pirquitas deposit as calculated by MDA of Reno is 27.983 million tons at 161 g/t silver to give a total of 144,750,000 ounces of silver. In addition, the previous management had identified jig tails on the property containing 4.4 million ounces and further pit area resources amounting to an additional 60.8 million ounces of resources. Taking these into account, Silver Standard acquired 90.7 million resource ounces of silver in its 43.4% stake. The purchase price will therefore have been $0.05 per resource ounce. Worked on a similar basis this is equivalent to buying gold resources at around $3.30/oz, and gold producers would be falling over each other to buy gold in the ground at ten times that level Last July the company reported that initial results from its reverse circulation drilling had intersected high grade silver at the Challacollo property in northern Chile . Later on it confirmed that this drilling program had indicated thick sequences of silver mineralization over a 600 metre length below historic workings at Cerro Challacollo. The focus then moved on to Mexico where Silver Standard reported significant intersections of silver mineralisation on the San Marcial property where it was carrying out infill drilling of near surface mineralisation that had been encountered earlier. And last month high grade drilling results were announced from the Manantial Espejo silver-gold joint venture in Argentina where Silver Standard is the operator. And on the acquisition side it is acquiring all the silver resources hosted in the Maverick Springs prospect in northern Nevada from Vista Gold as well as buying the Silvertip project in northern British Columbia from Imperial Metals. Small wonder Bob Quartermain is difficult to contact, he must be always on the move. Talking of moving, the only two things that move the silver price are gold and the supply/demand equation as silver has a lot of industrial uses. Gold is pulling at the leash and, according to the World Silver Survey 2002 published earlier this year, the supply /demand deficit in 2001 for silver was 89.4 million ounces. If the Chinese are no longer able to come up with the difference from their stockpile, as many experts suggest, the outlook for silver should improve. And if it does, the share price of Silver Standard will surely not be far behind.

[vomo]

... da ZSV bzw. SSRI heute (03.01.2002) anlässlich Silberhausse so gut performen , hier noch als Nachtrag:

Silver Standard Resources Inc.: New Lens at Bowdens Assays up to 156 Ounces of


Silver per Ton and 33%
Combined Lead and Zinc

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 30, 2002--
Silver Standard Resources Inc. (NASDAQ:SSRI) (TSX VENTURE:SSO)
(BERLIN:848840) is pleased to report high-grade silver values over
narrow widths as well as significant intervals of silver
mineralization in drilling at its wholly-owned Bowdens silver project.
Bowdens is located in New South Wales, Australia where a 13,500-metre
drilling program is in progress.
In this first set of results from 10 cored holes totalling 1,045
meters, in-fill drilling has identified a new lens of high-grade
silver and base metal massive sulfide mineralization in the Bundarra
North Zone and continues to confirm grade and continuity encountered
in previous programs. The high-grade lens has been identified in three
holes to date (BGD-026, BGD-027, BGD-029) and extends over a strike
length of at least 150 meters. Assay results ranged from 155.9 ounces
of per ton, 20.5% lead and 12.7% zinc over 3.9 feet (1.25 meters) in
BGD-026 to 36.7 ounces of silver per ton, 20.5% lead and 3.5% zinc
over 3.9 feet (1.2 meters) in BGD-029. The high-grade zone occurs
within thick sequences of lower grade mineralization and is open
laterally and along strike. Other holes planned in the current program
will test the extent of mineralization in the vicinity of these holes.
Other in-fill holes continued to confirm grade and continuity of
mineralization in the central Main Zone. Significant results included
2.6 ounces of silver per ton and 0.7% combined lead and zinc over 217
feet (66 meters) in BGD-034 and 1.5 ounces of silver per ton plus 0.7
% combined lead and zinc over 266 feet (81 meters) in BGD-035.
Drilling is ongoing and will continue into 2003. A table of results
follows, and a map identifying drill hole locations will be posted on
Silver Standard`s web site at www.silver-standard.com/news.
To receive Silver Standard`s news releases by e-mail, contact Paul
LaFontaine, director, investor relations at [e-mail]
or call [phone]. The TSX Venture Exchange has neither approved
nor disapproved of the information contained herein. The statements
that are not historical facts are forward-looking statements involving
known and unknown risks and uncertainties which could cause actual
results to vary considerably from these statements. The risks and
uncertainties include those described in Silver Standard`s SEC Form
20F as amended.
-0-
*T


Selected Bowdens Drill Results - December, 2002
Hole
No.
From To Interval Silver Silver Lead Zinc
Northing Easting (metres) (metres) (in g/t) (in (in %)(in %)
(b) oz./ton)
----------------------------------------------------------------------
Bundarra North Zone
----------------------------------------------------------------------
BGD-026(a)
10475 15000 15.9 144.0 128.1 86 2.8 0.70 0.62
incl. 128.0 131.0 3.0 2,430 78.1 10.21 6.52
incl. 128.75 130.0 1.25 4,850 155.9 20.50 12.65
----------------------------------------------------------------------
BGD-027
10550 15000 9.0 15.3 6.3 68 2.2 0.15 0.24
105.0 106.0 1.0 756 24.3 3.62 7.06
incl. 105.4 106.0 0.6 1,260 40.5 6.03 11.77
----------------------------------------------------------------------
BGD-028
10600 15100 5.0 8.0 3.0 48 1.5 1.06 0.09
61.0 64.05 3.05 85 2.7 0.58 1.59
99.0 119.0 20.0 27 0.9 0.21 0.43
----------------------------------------------------------------------
BGD-029
10475 15075 60.3 75.0 14.7 141 4.5 2.54 0.72
incl. 67.8 69.0 1.2 1,140 36.7 20.50 3.54
97.0 110.8 13.8 30 1.0 0.44 1.12
----------------------------------------------------------------------
BGD-030
10275 15150 5.0 81.0 76.0 32 1.0 0.76 1.24
incl. 8.45 9.7 1.25 215 6.9 6.98 6.05
----------------------------------------------------------------------
Main Zone South
----------------------------------------------------------------------
BGD-031
10075 15475 0.0 17.05 17.05 70 2.3 0.31 0.60
43.0 49.0 6 103 3.3 0.15 0.32
54.0 85.0 31.0 137 4.4 0.35 0.44
incl. 73.0 75.0 2.0 941 30.3 1.99 2.43
----------------------------------------------------------------------
BGD-032
10175 15375 10.0 23.0 13.0 67 2.2 0.28 0.65
39.0 61.0 22.0 90 2.9 0.17 0.44
----------------------------------------------------------------------
BGD-033
10225 15400 17.0 30.0 13.0 64 2.1 1.58 3.92
59.0 60.0 1.0 1,240 39.9 1.51 3.21
67.0 69.0 2.0 274 8.8 0.69 1.21
----------------------------------------------------------------------
Main Zone North
----------------------------------------------------------------------
BGD-034
10500 15200 27.0 93.0 66.0 81 2.6 0.32 0.40
BGD- 035(a)
10325 15375 9.0 90.0 81.0 47 1.5 0.23 0.34
incl. 16.0 31.0 15.0 120 3.9 0.43 0.65
incl. 86.0 90.0 4.0 131 4.2 0.31 0.40
----------------------------------------------------------------------
*T

(a) Holes ended in mineralization.

(b) Ian J. Pringle, PhD, Geology, and manager, Silver Standard
Australia Pty Limited, is the Qualified Person (QP) responsible for
the Bowdens exploration program and has verified the data in the table
above. Sample preparation of the sawn quarter lengths of approximately
one-meter lengths of HQ3 drill core was done at ALS Chemex`s Orange
facility. Assays were undertaken at ALS Chemex`s Brisbane laboratory
by ore grade digestion method OG-46 (predigestion in nitric acid,
evaporated residue leached in strong hydrochloric acid and ammonium
acetate with addition of a complexing agent, sodium thiosulphate).
Elemental concentrations were measured by AAS with a gravimetric
finish.
The ALS Chemex QC protocol requires that each batch of 50 samples
analysed include a reagent blank, three replicate determinations and
two standard materials. Samples exhibiting anomalous values (high or
low) are routinely reanalysed using either the original pulp or a
second split.

--30--LC/na*

CONTACT: Silver Standard Resources Inc.
Robert A. Quartermain, 604/689-3846
or
Paul LaFontaine, Direct: 604/484-8212 or
N.A/toll-free: 888/338-0046
Email: [e-mail]
Website: www.silver-standard.com

KEYWORD: AUSTRALIA INTERNATIONAL CANADA ASIA PACIFIC
INDUSTRY KEYWORD: MINING/METALS
SOURCE: Silver Standard Resources Inc.

Today`s News On The Net - Business Wire`s full file on the Internet
with Hyperlinks to your home page.
URL: http://www.businesswire.com





Dec-31-2002 00:09 GMT
Symbols:
US;SSRI CA;SSO DE;ZSV DE;ZSVF DE;ZSVX
Source BW Business Wire
Categories:
MST/R/AU MST/R/CA MST/R/ASI MST/I/MNG

[peter.wedemeier1]

Wow, jetzt hat sich ein Silberwert vor den bisherigen 3 Führungswerten gesetzt!

SSRI (+ 10.57% bei $4.08) führt jetzt vor
KGC (+ 8.48% bei $6.14), RANGY (+ 8.11% bei $9.20) und
GSS (+ 6.41% bei $1.66).

Go Silver Go!

[peter.wedemeier1]

Aktuell kann SSRI das Rennen im US-Handel vom Freitag fortsetzen!

SSRI (+ 5.73% bei $4.43) führt im Moment das Rennen an, vor
KRY (+ 3.74% Bei $1.11) und VGZ (+ 2.60% bei $3.55)

Go Silver Go!

[peter.wedemeier1]

SSRI (+ 3.34% bei $4.33) hat soeben die Führung wieder übernommen im US-Handel. Nachdem in der Zwischenzeit KRY die Führung inne hatte. SSRI führt aktuell nun vor KRY (+ 2.80% bei $1.10) und RGLD (+ 2.70% bei $14.43).

Go Silver Go!

[peter.wedemeier1]

Kurz vor Handelsschluß setzt sich SSRI (+ 5.87% bei $4.58) an die Spitze und führt nun vor AEM (+ 4.72% bei $12.88) und PDG (+ 4.67% bei $9.63).

Go Silver und Gold Go!

[peter.wedemeier1]

SSRI (+ 3.30% bei $4.69) hat soeben im US-Handel die Führung von SWC übernommen und führt nun vor VGZ (+ 3.04% bei $3.39) und SWC (+ 2.67% bei $2.69)

Go Silber und Gold und Platin Go!

[peter.wedemeier1]

SHORT SQUEEZE setzt sich fort!!!!!!!!

[Insiderin007]

Aufwachen, Peterle, leise, leise... das war nur ein Traum...

[peter.wedemeier1]

SSRI (+ 3.52% bei $4.70) hat die Führung von SWC (+ 3.05% bei $2.70) wieder zurück erobert.

Go Silber und Platin Go!

[peter.wedemeier1]

Short Covering in Gold & Silver Shares

In other news select gold and silver shares continue to bounce back after short positions have been put on the sector. Short positions have been rising throughout all of last year and this year. Normally we would have the current month’s short positions to report to you at this time. They are normally released between the 13-15th of each month. This month they have been delayed. However, watching the action of gold and silver stocks, it appears that there is a lot of short covering that is occurring judging by money flows. As the charts of SSRI, PAAS and SIL indicate, large money went out of these stocks beginning in December, reflected in the red line. Now that money is coming back in. It can be assumed that some degree of short covering is taking place since short positions increased remarkably in Q4 and Q1 of this year. We observe the same pattern in gold shares. It is assumed that short covering is also taking place in gold shares. Not shown in the charts is individual money. Money flow patterns indicate that as precious metals stocks were going up from November to February, individual investors were attracted to the sector. While they were buying, the big boys [institutional traders] were shorting. Now those positions have reversed. The little guy is selling; while the big boys are buying back in.

(Financial Sense)

[peter.wedemeier1]

SSRI (+ 5.12% bei $4.72) hat soeben im US-Handel die Führung von RANGY übernommen. SSRI führt nun vor AEM (+ 4.86% bei $11.87) und RANGY (+ 3.35% bei $10.18).

Go Silber und Gold Go!

[peter.wedemeier1]

Top Fund Managers Buy Gold
Ratha Tep; data provided by Marketocracy, 03.25.03, 3:00 PM ET

NEW YORK - Instead of participating in the war rally that started in the middle of last week, Marketocracy`s top fund managers, known as the M100, bought beat-up gold stocks. The fund managers swooped in as the price of gold dropped to as low as $325.50 per ounce on Friday, March 21, while investors took bets on a quick war. Gold had been trading as high as $382 in early February.


Sign up for Forbes` Free Investment Guru Weekly e-mail.


The group increased its exposure to gold by making Newmont Mining (nyse: NEM - news - people ) its top buy. Denver-based Newmont is the world`s largest gold producer and the fifth-largest held stock in the M100 portfolio. It had last been a buy in early February at around $28 and has since dropped roughly 14% to close at $24 on March 21. The fund managers also bought South African-based Gold Fields Limited (nyse: GFI - news - people ) as it closed at $9.65 on Friday, the first time the stock has dropped below the $10 level in five months.

Another top buy was Orthodontic Centers of America (nyse: OCA - news - people ), which the gurus viewed as a bargain. On Wednesday, March 19, OCA took a deep 44% intraday plunge to a new 52-week low of $5.37, after it reported dismal earnings the evening prior. For its fourth quarter ended Jan. 31, 2002, OCA had a 50% earnings drop to $8.7 million on a revenue decrease of 2% to $102 million. This was due to a drop in fee revenue, $1.9 million in impairment charges due to office closings, and $2.3 million in expenses related to uncollectible advances and other receivables. For the fiscal year 2002, while revenue increased 25.3% to $440 million, earnings dropped 4.8% from the previous year to $58.2 million.

In light of the war in Iraq, the M100 sought to diversify its holdings out of U.S.-based securities by buying shares of Aberdeen Asia-Pacific Prime Income Fund (amex: FAX - news - people ). The closed-end management investment company invests mostly in Asian and Australian debt securities. The gurus also like FAX for its new monthly distribution of 3.5 cents per share.

Apparel maker Quiksilver (nyse: ZQK - news - people ) topped the list of sells for the second time this month. The fund managers last unloaded the stock the week of March 3, when shares were trading around $25 to $26. The stock has since risen over 20% to $32.25, spurred on by its announcement on March 6 that its net income more than doubled to $6.6 million for the first quarter ended Jan. 31, 2002. The fund managers believe the stock, which is trading at a price-to-earnings multiple of 20, is overvalued.

Other top sells include two stocks that have been battered over the past year: Goodyear Tire & Rubber (nyse: GT - news - people ) and natural-gas company El Paso (nyse: EP - news - people ). Goodyear is trading around $5, down 80% from its 52-week high of $26.25 reached last March. El Paso, trading at $6, is down 40% from its high of $46.80 reached last April.


Top Buys
Newmont Mining (nyse: NEM - news - people )
Orthodontic Centers of America (nyse: OCA - news - people )
Gold Fields Limited (nyse: GFI - news - people )
Aberdeen Asia-Pacific Prime Income Fund (amex: FAX - news - people )
Hecla Mining (nyse: HL - news - people )


Top Sells
Quiksilver (nyse: ZQK - news - people )
El Paso (nyse: EP - news - people )
Automatic Data Processing (nyse: ADP - news - people )
Goodyear Tire & Rubber (nyse: GT - news - people )
Eon Labs (nasdaq: ELAB - news - people )

[peter.wedemeier1]

Daily Reckoning
What are the insiders up to? Barron`s reports the
officers and directors of the 10 leading tech companies -
firms such as Microsoft, Intel, Qualcomm, Dell and Oracle -
are remarkably bearish. While the investoriat buys tech
stocks, the people who know the industry best are
unloading. "Since the start of this year," continues the
Barron`s report, "in the aggregate, there has been a
single, solitary purchase of 3,600 shares by those
insiders. However, over the same stretch, those worthies
were responsible for 112 sales, in the process dumping 33.9
million shares of their own stock. Put another way, the
ratio of shares sold to shares bought by the so-called
smart money in the 10 biggest tech and growth companies
works out to a staggering 9,407 to 1.

[peter.wedemeier1]

Kaufsignal. Silver Standard Resources ist in Rallye-Stimmung und gehört zu den Outperformern!

Go Silver Standard Resources Go!

Go Silber Go!

[peter.wedemeier1]

SSRI (+ 2.13% bei $4.79) hat soeben im US-Handel die Führung von PAL übernommen und führt nun vor PAAS (+ 1.15% bei $6.17).

Go Silber Go!

[peter.wedemeier1]

SSRI (+ 2.28% bei $4.48) führt zu Handelsbeginn im US-Handel vor AEM (+ 1.86% bei $10.41) und CDE (+ 1.54% bei $1.32).

Go Silber und Gold Go!

[peter.wedemeier1]

SSRI (+ 3.65% bei $4.54) hat soeben im US-Handel die Führung von RANGY zurück erobert und führt nun vor AEM (+ 3.23% bei $10.55) und CDE (+ 3.08% bei $1.34).

Go Silber und Gold Go!

[peter.wedemeier1]

SSRI (+ 3.19% bei $4.85) hat soeben im US-Handel die Führung von RGLD (+ 2.81% bei $15.73) übernommen. Beide führen nun vor VGZ (+ 2.37% bei $3.46).

Go Silber und Gold Go!

[peter.wedemeier1]

Press Release Source: Silver Standard Resources Inc.


Silver Standard Resources Inc.: Argentine Joint Venture Reports Plans for Underground Program at Manantial Espejo
Wednesday April 9, 10:26 pm ET
Silver Standard Updates Other Projects


VANCOUVER, British Columbia--(BUSINESS WIRE)--April 9, 2003--http://biz.yahoo.com/bw/030409/95774_1.html

[peter.wedemeier1]

SSRI (+ 5.81% bei $4.55)führt im US-Handel vor KRY (+ 5,68% bei $0.930) und RANGY (+ 5.00% bei $10.50).

Go Silber und Gold Go!

[peter.wedemeier1]

SSRI (+ 7.44% bei $4.62) hat soeben im US-Handel die Führung von HL übernommen. SSRI führt nun vor VGZ (+ 6.56% bei $3.25) und GSS (+ 6.55% bei $1.79).

Go Silber und Gold Go!

[manfred1_I]

Denkt mal an die Ware Gold und Silber.

Es soll noch einige Silberbarren und Goldmünzen geben.

Wo:
Es gibt doch ein bekanntes Versteigerungshaus

Welches? Das müßt ihr schon raten.

[peter.wedemeier1]

SSRI (+ 7.21% bei $4.61) hat soeben im US-Handel die Führung von SWC (+ 7.11% bei $2.71) zurück erobert. Beide führen nun vor PAAS (+ 6.28% bei $6.26).

Go Silber, Platin und Palladium Go!

[peter.wedemeier1]

SSRI (+ 8.14% bei $4.65) hat soeben im US-Handel die Führung von SWC (+ 7.11% bei $2.71) zurück erobert. Beide führen nun vor PAAS (+ 6.62% bei $6.28).

Go Silber, Platin und Palladium Go!

[peter.wedemeier1]

SSRI (+ 8.84% bei $4.68) hat soeben im US-Handel die Führung von SWC zurück erobert. SSRI führt nun vor RANGY (+ 8.00% bei $10.80) und PAAS (+ 7.30% bei $6.32).

Go Silber und Gold Go!

[peter.wedemeier1]

"DJN 09:43 *DJ National Bk Lowers Silver Standard Target To C$9.90>SSRI"

That`s about US$7.00 at current exchange rates which is precisely AT stiff upside resistance on the charts.

[peter.wedemeier1]

SSRI (+ 5.62% bei $5.07) hat soeben im US-handel die Führung von GFI übernommen. SSRI führt nun vor DROOY (+ 3.53% bei $2.64) und RANGY (+ 3.05% bei $13.51).

Go Silber und Gold Go!

[peter.wedemeier1]

From Thursdays MIDAS column
-----------------------------------------------
Silver Escape clause


A week or so ago you included a contribution in the Midas from a cafe member that commented on Silver Standard Resources (SSRI), the fact that he had frequently contacted the company CEO asking for clarifications/information about Comex silver trading, and he sent you a statement out of the SSRI annual report about that topic. That statement indicated that SSRI was notifying shareholders that significantly more paper silver trading than actual metal trading was occurring on the Comex.

Well, I also am an SSRI shareholder, and I also have petitioned the SSRI CEO to attempt to verify or discredit Mr. Ted Butler`s contentions about illegal manipulations on the Comex silver exchange. I decided this morning to obtain the SSRI annual report to read the Comex section myself and was very surprised to see another, even more important statement included there than that mentioned in your Midas: "We have been advised that most contracts, although requiring physical delivery, have a clause which allows cash settlement, or payment for the silver."

I`ve never seen the clause, but I`m wondering who has discretion on whether payment is made in bullion or cash, and my bet is that it`s the cartel (and not the contract owner), and is the means of continuing their shenanigans in manipulating that market. If they never have to pay in bullion then the Comex inventories can never be depleted!

So, my question to you is: If they are doing that in silver, maybe they`re doing it in the gold market as well; do you know whether or not these clauses exist in the gold delivery contracts?

[peter.wedemeier1]

SSRI (+ 5.21% bei $5.05) hat soeben im US-Handel die Führung von SWC zurück erobert. SSRI führt nun vor RANGY (+ 4.58% bei $13.71) und GSS (+ 4.06% bei $2.05).

Go Silber und Gold Go!

[svc]

von november 2002 - seit dem hat sich aber nichts bedeutendes an der situation geändert:

Valuing SSRI

In my most recent Gold-Eagle.com article I discussed the theory behind valuing a mine. This article attempts to apply that theory to derive a valuation for Silver Standard Resources Inc. (SSRI)

Disclosure and Disclaimer

The writer has a personal interest in 1,000 shares of SSRI


Other than reference to SSRI`s Q2 report, and Pan American Silver`s (PAAS) 2001 Annual report, no Due Diligence has been done


All assumptions which underlie the calculations are articulated below. If these assumptions turn out to be incorrect, then the conclusions will clearly be incorrect.


Conclusions

Assuming zero value of all "inferred resources" at end of mine life: At its current price of US$4.22 per share, SSRI`s market capitalization appears to be factoring in a Silver Price of approximately US$10.35 per ounce.


Assuming that "inferred resources" have the same Net Present Value per ounce in 14 years time as the "measured resources" have today: Factoring in a price of $10.35/oz of Silver, the value of SSRI today is $4.49 per share.


Assumptions

SSRI - which is not yet in production in any of its mines - will only commence production when the Silver price approaches or exceeds $US5.50 per ounce


Its $17 million cash pile will be sufficient to allow the company to gear up its production


Production will be as follows: Yr 1: 2mm oz, Yr2: 8mm oz, Yr 3 onwards: 16mm oz per year


Comments

The PAAS 2001 Annual report talks of 9mm oz production as "Steady State", and 11mm oz is its target production for 2003. That company has 611mm reserves and resources as compared with SSRI`s 500mm, although there is less certainty attaching to the SSRI number


At an assumed rate of production of 16mm ounces per year, SSRI`s "Measured" resources will have been depleted in 14 years.


Production costs per ounce will be US$4.40


Comment

PAAS 2001 Annual Report shows that group`s production costs were significantly in excess of this number, but that a target of $4 per oz is possible. We have assumed $4.40 because 10% premium offers a reasonable buffer for unforeseen circumstances

Administrative overheads will be negligible in the scheme of things


Tax will be payable at 30% of Pre tax profits


100% of after tax profits are paid out by way of dividend


The fully diluted number of shares at exit will be 44,909,301 assuming all warrants and options are converted into ordinary shares


Any additional equity raisings will be for the purposes of acquisitions - which will have no material impact on value per share.


Given the high risk that more than one of the above assumptions will prove to be inaccurate, it has been assumed that investors will demand a risk premium, and that the Return On Investment will need to be a least five times the "risk free" Long Bond Rate; or approximately 24% p.a.


Two valuations were done:

Assuming a zero value of the "Inferred" resources in 14 years` time when the "Measured" resources have been depleted:





Comment

The above capitalises the business at $189,400,404.89 and places an implied Net Present Value of "measured" silver resources at US$0.84 per ounce

2.Assuming that in year 14, today`s "Inferred" resources will be worth $0.84 per ounce (ie The company will have a value a exit of $231mm)





Comments

If the price of Silver rises to $10.35 per ounce, an investment in SSRI at up to around $4.50 per share will yield a Return On Investment of 24% p.a. over a period of 14 years, provided all the underlying assumptions are met.


Conversely, if the price of Silver does not rise above (say) $5.50 per oz it should be recognised that even if a Return On Investment of only three times the Long Bond Rate (approximately 15% p.a.) is acceptable, then the NPV of SSRI is probably somewhere around $0.82 per share


Overall Conclusion

An investment in SSRI is hugely leveraged to the price of Silver.

Technical Analysis

The question now arises: Will the Price of Silver break up above $5.50 per ounce?

Below is a monthly chart of Silver going back to 1994. It seems clear that Silver bottomed at US$4 per ounce and is now struggling to enter a new Primary Bull Market. Of interest is the fact that its highest level in the past eight years the price of Silver has not exceeded US$7.50 per ounce.



(Source: http://futures.tradingcharts.com/chart/SV/M )

Notwithstanding the above, a broader perspective of the Silver price can be achieved by reference to the chart below:



(Source: www.gold-eagle.com/silver_section/silvermonthly.html )

Clearly, in the past 23 years, Silver has demonstrated a capacity to reach levels much higher than $9.35 per ounce, but has not been able to sustain these levels for more than a few months at a time.

Equally clearly, for Silver to sustain a price of $9.35 or greater per ounce for a period of 14 consecutive years in the future, a structural change in the demand for Silver will need to occur.

Personally, (as explained in a previous Gold-Eagle article entitled "Why the US Federal Reserve is Impotent") I believe that Human Society is about to enter a new era of Social Maturity regarding the importance of sustaining its Host Environment, and that for this reason a structural change in behaviour in general is on the cards. (We must adapt our behaviour, or we ourselves will become extinct).

In this context, the structural change in the demand for Silver will likely be driven by "chemical free" Water Disinfection and High Temperature Superconductor applications - for which Silver is uniquely suited.

Of course, in the immediate future, the price of Silver may be heavily influenced by a re-alignment of the forces of supply and demand for conventionmal applications - which have gone out of balance as a result of ill considered, artificial interference. In addition, (and a purely co-incidental matter) the era of "fiat" currencies appears to be drawing to a close, and a heightened perception of Silver as a vehicle of investment (store of value) may also give rise to an added boost to the demand for this unique product in the short - medium term.

In summary, (and heavily influenced by Mr Warren Buffet`s $500 million commitment to Silver) I have managed to convince myself that the above factors support the conclusion that Silver and related instruments may turn out to be one of the most profitable long term investment opportunities in today`s environment. But, the words "long term" need to be emphasised. Given the current debt and derivatives problems that beset some developed (and most Third World) economies today, it may be several years before the next up-leg in the Long Economic Cycle develops a sustainable momentum.

Silver Standard Resources is one of several Silver focused opportunities available to investors, and it has two added advantages:

The company is well capitalised
It`s mines have a long life expectancy
There are also other opportunities - outside the USA and Canada - which do not expose non-US residents to the Sovereign Risks associated with US Dollar denominated investments - which, in turn, are vulnerable to fluctuations in the value of the US currency. Intriguingly, some of these opportunities (outside of the USA and Canada) appear to have less of a premium factored into their current prices.



Brian Bloom
AUSTRALIA

November 18th 2002

[svc]

bei sanften umsätzen von run 900 stücken in fft heute auf 4,5 eur gelandet.

die umsätze der letzten wochen in fft lesen sich aber spannend. da läuft doch was! besonders der 14.5.2003 erscheint spannend:

Kurshistorie Frankfurt
Datum Erster Hoch Tief Letzter Umsatz
19.05.2003 4,20 4,40 4,10 4,40 1.871
16.05.2003 4,20 4,25 4,00 4,15 7.970
15.05.2003 4,30 4,35 4,15 4,15 19.920
14.05.2003 4,30 4,35 4,23 4,35 107.558
13.05.2003 4,35 4,50 4,30 4,30 905
12.05.2003 4,30 4,55 4,30 4,45 1.200
09.05.2003 4,25 4,60 4,25 4,50 9.700
08.05.2003 4,20 4,35 4,20 4,25 2.000
07.05.2003 4,30 4,30 4,20 4,20 500
06.05.2003 4,30 4,30 4,30 4,30 0
05.05.2003 4,20 4,48 4,20 4,30 6.795
02.05.2003 4,26 4,40 4,10 4,26 2.065
01.05.2003 3,70 4,05 3,70 4,00 3.000
30.04.2003 3,70 4,05 3,70 4,00 3.000
29.04.2003 4,00 4,00 3,75 3,75 4.750
28.04.2003 4,25 4,30 4,00 4,00 1.700
25.04.2003 4,25 4,50 4,25 4,30 545
24.04.2003 4,31 4,50 4,31 4,40 350
23.04.2003 4,45 4,46 4,25 4,25 1.945

svc

[svc]

sollte diese nachricht die umsätze vom 14.5.2003 ausgelöst haben? eher nicht, die werte sind zwar sehr gut, aber das sollte doch nicht einen solchen nachfrageschub auslösen, oder? gibt es da etwas, was wir übersehen haben - neben dem kleinen hub im pos?

Mon May 12, 2003
Silver Standard Reports Impressive Silver Assays From Australia

--------------------------------------------------------------------------------

Click Here to View Drill Hole Plan Map


Vancouver, B.C.---Silver Standard Resources Inc. is pleased to report further impressive results from infill drilling at its wholly-owned Bowdens silver project located in New South Wales, Australia. The results from 30 reverse circulation drill holes reported here are among the remaining results of a 19,000-meter program that commenced in October 2002 and was recently completed.

Most of the holes reported here were located in the Main Zone North area of the flat-lying deposit where earlier, wider-spaced drilling had identified thick sequences of silver mineralization. Other holes were located at Bundarra North and Main Zone South. The results of the 30 drill holes confirm continuity of mineralization between earlier holes, with high-grade silver values locally over significant intervals.

The best results in the Main Zone North are in holes BGR-286, 280 and 278. BGR 286 and 280 are 200 meters apart and, together with other holes drilled in the vicinity, underline the potential for increasing the grade (and contained silver) of the Bowdens deposit. BGR-286 intersected 8.1 ounces of silver per ton over 167.3 feet (278 grams of silver per tonne over 51 meters) plus base metal credits and included 30.8 ounces of silver per ton over 32.8 feet (1,056 grams of silver per tonne over 10 meters) plus base metal credits. BGR-280 intersected 8.7 ounces of silver per ton over 118.1 feet (299 grams of silver per tonne over 36 meters) plus base metal credits and BGR-278 intersected 18.0 ounces of silver per ton over 52.5 feet (618 grams of silver per tonne over 16 meters) plus base metal credits, including 90.0 ounces of silver per ton, 4.56% lead and 3.35% zinc over 6.6 feet (3,085 grams of silver per tonne over 2.0 meters).

BGR-299, a single infill hole in the Main Zone South, also intersected good values over significant dimensions. This hole assayed 1.8 ounces of silver per ton and 1.0% zinc over 232.9 feet (63 grams of silver per tonne over 71 meters).

The best result from Bundarra North is in BGR-301 which intersected 3.8 ounces of silver per ton over 42.7 feet (132 grams of silver per tonne over 13 meters) as well as deeper zones of lower grade mineralisation which include 1.1 ounces of silver per ton over 173.9 feet (37 grams of silver per tonne over 53 meters) plus base metal credits.
See the accompanying table for further results and visit http://www.silver-standard.com/s/News-2002.asp to view the drill hole plan.

The deposit is open to the north and northwest where mineralization appears to extend under a hill that currently inhibits reverse circulation drilling with available equipment. Results from a further 12 holes are pending and will be reported as assaying is finalized. Upon receipt of all assay data, the company plans to complete a new block model resource calculation.

In addition to the program at Bowdens, Silver Standard is presently drilling at its Challacollo property in Chile and at its La Valenciana property in the State of Durango, Mexico.

Silver Standard is a significant silver resource company with projects in Australia, Argentina, Chile, Mexico, the United States and Canada. The company`s assets include measured and indicated resources of 288.8 million ounces of silver and 1.1 million ounces of gold, plus inferred resources of 356.2 million ounces of silver and 1.1 million ounces of gold. Silver Standard is well financed and actively advancing its portfolio with drill programs now under way and new acquisitions under investigation.

- 30 --
For further information, contact:

Robert A. Quartermain, President
Silver Standard Resources Inc.
Vancouver, B.C.

Paul LaFontaine, Director, Investor Relations
Silver Standard Resources Inc.
Vancouver, B.C.
[phone] N.A/ toll-free: [phone]
Direct: [phone]
E-Mail: [e-mail]

[peter.wedemeier1]

SSRI (+ 2.58% bei $4.78) hat soeben im US-Handel die Führung von GSS (+ 2.45% bei $2.09) übernommen. Beide führen nun vor CDE (+ 2.26% bei $1.36).

Go Silber und Gold Go!

[peter.wedemeier1]

SSRI (+ 7.01% bei $5.34) hat soeben im US-Handel die Führung von SWC (+ 6.42% bei $4.97) übernommen. Beide führen nun vor DROOY (+ 5.38% bei $2.74).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 7.01% bei $5.34) hat soeben im US-Handel die Führung von SWC (+ 6.00% bei $4.95) zurück erobert. Beide führen nun vor DROOY (+ 5.77% bei $2.75).

Go Silber go SSRI!

[Sozzi]

@p.w.,

anstatt dir die Mühe zu machen, so viele einzelne Goldwerte zu bewerben nimm doch einfach Dundee Precious Metals (WKN 872063)...

Hier das aktuelle Beteiligungsportfolio von DPM:

Altius Minerals Corporation
American Bonanza Gold Mining Corporation
Anatolia Minerals
Apollo Gold Corporation
Argosy Minerals
Ariane Gold Corporation
Atikwa Minerals Limited
Bolivar Gold Corp.
Cambior
Campell Res. Inc.
Canadian Royalities Inc.
Case Resources Inc.
Cumberland Resources
Diagem International Res.
Eastmain Resources Inc.
Eldorado Gold Corporation
European Goldfields Ltd.
FNX Mining Company
Gabriel Resources Ltd.
GlobeStar Mining Corp.
Golden Queen Mining
Greystar Resources
Hedman Resources Ltd.
Manhattan Minerals Corporation
Major Drilling Group
Metallic Ventures
Metallica Resources
Miramar Mining Corporation
Nichromet Extractions Inc.
Northgate Exploration Ltd.
Opti Canada
Pacific Rim Corporation
Pele Mountain Resources Inc.
Quest Ventures
Ranchgate Oil & Gas
Rio Narcea
South Atlantic Ventures Ltd.
Stratic Energy Corp
Tahera Corporation
TecnoPetrol Inc.
Tempest Energy
Titanium Corporation
Twin Mining Corporation
Verena Minerals Corporation
Western Canadian Coal Corp.
Wolfden Resources
East African Gold Mines
Revesco Group Ltd.
Red Back Mining NL
Buenaventura

[peter.wedemeier1]

SSRI (+ 1.55% bei $5.25) führt im US-Handel vor PAAS
(+ 1.50% bei $7.42) und GLG (+ 1.49% bei $11.59).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 3.09% bei $5.33) hat soeben im US-Handel die Führung von CBJ (+ 2.61% bei $1.57) übernommen. Beide führen nun vor HL (+ 2.55% bei $4.82).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 2.90% bei $5.32) hat soeben im US-Handel die Führung von GSS (+ 2.37% bei $3.02) zurück erobert. Beide führen nun vor ASL (+ 2.33% bei $7.90).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 2.71% bei $5.31) hat soeben im US-Handel die Führung von ASL übernommen. SSRI führt nun vor GSS (+ 1.69% bei $3.00) und ASL (+ 1.68% bei $7.85).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 2.71% bei $5.31) hat soeben im US-Handel die Führung von CBJ (+ 1.96% bei $1.56) zurück erobert. Beide führen nun vor NEM (+ 1.48% bei $32.89).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 3.40% bei $5.48) hat soeben im US-Handel die Führung von HL übernommen. SSRI führt nun vor PAAS (+ 3.10% bei $7.65) und HL (+ 2.58% bei $4.78).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 4.53% bei $5.54) hat soeben im US-Handel die Führung von CDE übernommen. SSRI führt nun vor PAAS (+ 4.45% bei $7.75) und MDG (+ 3.72% bei $12.00).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 8.19% bei $5.68) hat soeben im US-Handel die Führung von MNG (+ 7.80% bei $1.52) übernommen. Beide führen nun vor PAAS (+ 7.11% bei $7.94).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 11.62% bei $5.86) hat soeben im US-Handel die Führung von MNG (+ 9.22% bei $1.54) zurück erobert. Beide führen nun vor HL (+ 8.09% bei $5.21).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 8.66% bei $6.40) führt im US-Handel vor CDE (+ 5.92% bei $1.79) und RGLD (+ 5.90% bei $23.51).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 4.08% bei $6.66) hat soeben im US-Handel die Führung von RIC übernommen. SSRI führt nun vor AAUK (+ 3.62% bei $17.18) und CDE (+ 3.35% bei $1.85).

Go Silber go SSRI!

[peter.wedemeier1]

SSRI (+ 4.39% bei $6.68) hat soeben im US-Handel die Führung von RIC zurück erobert. SSRI führt nun vor AAUK (+ 4.10% bei $17.26) und CDE (+ 3.91% bei $1.86).

Go Silber go SSRI!

[peter.wedemeier1]

Silver finally in the bullion rally
Exploration companies` shares skyrocketing

By Thom Calandra, CBS.MarketWatch.com
Last Update: 11:41 AM ET July 28, 2003

SAN FRANCISCO (CBS.MW) - Gold is back on the front-burner, as is that other precious metal, silver.

Silver, more an industrial metal than gold, rose almost 10 percent in the seven trading days through last Thursday, then eased Friday. It`s up again Monday, with silver`s active New York-traded future trading at its highest point since July 2002.

"This time the price has moved up on increased volume, and this morning the price printed $5.20 an ounce," said David Morgan of Silver-Investor.com. "I think this is confirmation of the gold rally."

James Turk, longtime financier and editor of Freemarket Gold & Money Report. "We may see $400-plus gold and $6-plus silver at any time."

Turk says a close Monday in silver futures of $5.10 to $5.12 an ounce will create "a strong base of support under the market." His target for silver is $6.45 by late September or early October, with the ratio for gold`s price as a multiple of silver`s declining to 62 from its current 71. At a ratio of 62, a $6.45 silver price would translate into $400 an ounce, if Turk is correct, and I believe he will be.

[peter.wedemeier1]

The Big Picture on Silver!

Eric Smith
Monday July 28, 2003

http://www.quasimodos.com/marketrider/news.php?id=2070

[NicholasVanOrton]

Hi Peter!

So wie es ausschaut bist du wohl der einzige weit und breit der in diese Firma investiert ist.
Oder besser gesagt bist du der einzige der hier postet.Ich war auch in SSRI investiert bin aber bei der letzen Korrektur rausgeflogen.Jetzt ärgere ich mich natürlich, und wie!
Nun ist der Silberpreis gerade um ca. 50Cent gestiegen ich frage mich wo SSRI stehen wird wenn Silber erstmal 10€ oder mehr wert sein wird???
Hast du Infos über die Firma?
Ich kappiere immer noch nicht ob die Minen SSRI gehören oder nur Beteiligungen sind.
Kannst du mir das mal erklären was der Untersched zwischen Silberproduzenten und Silberexplorationsfirmen ist??

Danke

NVO

[hpoth]

Nein ich bin bei SSRI zu $ 2.70 rein, habe nur einen kleinen Teil bei 7.80 verkauft,sodaß ich den Rest nicht mehr mit eignen Mitteln halte.Gruß hpoth

[peter.wedemeier1]

!

Dieser Beitrag wurde vom System automatisch gesperrt. Bei Fragen wenden Sie sich bitte an [e-mail]

[NicholasVanOrton]

Weiß keiner was er im Depot hat, oder weshalb bekomme ich keine Antwort? Wo besteht das Risiko bei dieser Frima

NVO

[proFEiT]

ich bin in SSRI bei 2,10 rein (ohne Scheiss), und bei ca. 5,10 wieder raus. wäre gerne dringeblieben, mal schauen

[dorfmutter]

Hallo SILVER STANDARD RESOURCES INC.-Aktionäre!

Kann mir jemand von euch erklären, warum unsere Aktie den rasanten Anstieg des Silberpreise nicht mehr mitmacht. Ist die Aktie in der letzten Zeit schon zu stark gestiegen oder worin liegen die Gründe? Vielen Dank für eure Antworten.

Eure dorfmutter!

[Leh007]

Die Aktie nimmt einen zukünftigen niedrigeren Silberpreis
vorweg

[dorfmutter]

Hallo Leh007,

wie kommst Du denn zu der Annahme? Meiner Meinung nach steigt der Silberpreis gerade in Richtung 10 $. Vielen Dank für Deine Antwort.

Eure dorfmutter

[Leh007]

Eine Silberhausse ist schwer einzuschätzen.
Sollte Silber weiter steigen dann hätte
Silver Standard sicher Nachholbedarf.
Aber letztendlich bin ich auch nur eine
Meinung im Börsenuniversum.
Man sollte sich für eine Taktik entscheiden und die
dann auch durchziehen.

[dorfmutter]

Bist Du denn selbst investiert? Oder beobachtest Du nur die Aktie?

[Leh007]

Bin mit ein paar Stücken investiert.
Silber sollte dieses Jahr ca. 12 $ erreichen.
Warscheinlich erst im Spätherbst oder als schönes
Weinachtsgeschenk.
Dann steht unsere Aktie bestimmt über 30 $
Schönes Wochenende

[dorfmutter]

Vielen Dank für Deine Antwort. Freitag sinkt der Silberpreis von von 8,45 $ auf "nur" noch 8,12 $ und was macht unsere Aktie? Sie steigt. Irgendwie komisch und für mich nicht verständlich. Na was soll´s. Hauptsache sie steigt!

Eure dorfmutter

[BestPerformerCanada]

Hallo. Ich finde, dieser Quartemain ist schon ein flinker Bursche.

Ich habe mal recherchiert, was der Junge noch so machet. Da bin ich wiederum auf eine interessante Firma gestoßen, die eine ähnliche Entwicklung wie Silver Standard vor sich haben könnte und noch absolut "Ground Floor" ist.

Rare Element Resources Ltd., in Kanada gelistet, Ticker RES!

Leider keine Notierung in Deutschland bis dato.

Webpage: http://www.rareelementresources.com/webpage/1000888/1000355

[OptiBull]

Lesenswertes über SSRI
http://www.freemarketnews.com/reports/silverstandard.pdf

[reindste]

kann mir mal jemand sagen warum ssri bis anfang 2002 bei
2$ rumkrebste, 1999 sogar bei 0,75Cents und sich nun so entwickelt hat? die müssen ja fast pleite gewesen sein!?!
zur selben Zeit war der Silberpreis bei 4-5$ .....?

[reindste]

allerdings sehr interessant der Bericht. Market Cap knapp 600Mio US$. Wer sind den die Top 5 Silberexplorer, weiß das jemand?

[OptiBull]

Von Seite:
http://www.silverstockreport.com/reports/silverstockreport48…

SSRI SSO.V (SILVER STANDARD RESOURCES)
http://www.silver-standard.com/
[e-mail] [phone] or [phone]
51.8 mil shares fullly diluted (August 2004) --from the company web site.
@ $14.35/share
$743 mil MC
debt free, cash: $Cdn 36 mil plus 2 million ounces of silver, plus securities.
As of May 12: The company has budgeted $8.2 million in 2004 for feasibility and scoping studies and exploration of its 15 projects. With cash of $61 million, and marketable securities of approximately $10 million at March 31, the company decided to invest approximately 20% of its cash and securities in physical silver following the decline in silver prices in April and May. Silver Standard now owns over 1.95 million ounces of silver. This silver is held on an allocated and segregated basis and, consequently, is not available to be loaned.
not mining or producing; 23 silver properties
measured and indicated resources totaling 403.6 million ounces of silver
plus inferred resources totaling 446.4 million ounces of silver = 850 mil oz.
2.2 mil oz. gold. Silver equiv = 22 mil oz. silver. (22 + 850 = 872 mil oz.)
$743 mil MC / 872 mil oz. = $.85/oz.
You get "approx" 7.72 ounces in the ground for 1 oz. silver`s worth of stock.

Additional comments: Congradulations to SSRI for converting some of their cash, 20%, to silver bullion! I wish it was more, but it is certainly a great start! SSRI decided to hold such a large percentage of their cash in the form of bullion, first, of all silver miners!

SSRI now has more silver resources than PAAS. I`d expect SSRI`s market cap to soon exceed PAAS, especially given PAAS management`s lack of understanding that silver is money, and can be used as money.

SSRI really is the "silver standard". SSRI has the largest market cap this far down the list, which makes it a more attractive target for people with larger amounts of money to invest. SSRI continues to add resources through drilling and acquisition. This company seems to really understand the silver story, and helped to educate me as an investor.

I attended a two hour SSRI presentation after the Gold show in SF in late November, 2003. For the most part, their properties are very well drilled, and they have a fairly solid idea on how much silver oz. in the ground they have. They started their plan to acquire silver properties and become a "silver company" in about 1993, which explains why they have such a large market cap, and so many good properties with so many ounces of silver.

Some investors like SSRI because of the diversification --SSRI owns many silver properties. You can get a similar kind of diversification by owning stock in many silver companies.

[OptiBull]

Neue Ergebnisse vom, 8 September:
http://www.silverstandard.com/s/NewsReleases.asp?ReportID=88…

[OptiBull]

Newsletter
Hello friends of Silver Standard: We released the following news this morning concerning Silver Standard placing a toe in the water in China at a relatively low cost. We will again attend this year’s New Orleans Investment Conference and the San Francisco Gold and Precious Metals Conference. For further details, feel free to contact us in Vancouver, toll-free in North America at 888-338-0046.
Paul LaFontaine
Director, Investor Relations


October 5, 2004
Silver Standard AND Minco announce strategic alliance
on silver in China
Vancouver, B.C. -- Minco Mining & Metals Corporation (Minco) and Silver Standard Resources Inc. (Silver Standard) are pleased to announce that they have entered into a strategic alliance to jointly pursue silver opportunities in China. As recently announced, Minco has created a wholly-owned subsidiary, Minco Silver Corporation (Minco Silver) to acquire silver projects in China.
Under terms of the strategic alliance, Silver Standard will invest C$2,000,000 in Minco Silver to acquire a 20% interest in the new venture. Silver Standard will have preferential purchase rights to participate in future financing of Minco Silver in order to increase its interest up to 30% in Minco Silver. As part of the strategic alliance, Minco Silver will be the exclusive entity for both Minco and Silver Standard to pursue silver projects in China.
The board of directors of Minco Silver will comprise five members: two directors nominated by Minco, one by Silver Standard and two independent directors. Mr. William Meyer and Dr. Ken Cai will be the initial Minco appointees, and Mr. Robert Quartermain will represent Silver Standard.
Minco has evaluated many silver projects in China over the past two years and has assembled a large silver database. Currently Minco Silver has the right to earn 70% of the equity interest in the Fuwan Silver project, Guangdong, China. Fuwan Silver has an inferred resource of approximately 160 million ounces of silver in situ, grading 250-270 grams per tonne silver (approximately 7.9 ounces of silver per ton). The shallow-dipping deposit is still open to the southwest, south and southeast.
Silver Standard Resources Inc. is a well-financed silver resource company with core projects in North and South America and Australia. The company currently has scoping, prefeasibility and feasibility studies underway on these core projects and has US$36.9 million in cash, 1.95 million ounces of silver bullion currently valued at US$13.3 million and marketable securities currently valued at US$4.3 million. The company continues to seek resource base growth through acquisitions and exploration of its own projects.
Minco is a TSX-listed company focusing on exploration and development of advanced stage gold, silver and base metals projects in China. Minco has continuously been active in China over the past 10 years under the leadership, of Dr. Ken Cai, a Chinese Canadian with a Ph.D. in Mineral Economics from Queens University in Canada. Minco is a leading foreign company in China with extensive contacts, large geological database, and strong operating expertise. Currently, Minco has a large portfolio of high quality gold, silver, and base metals projects. Teck Cominco is one of Minco’s largest shareholders.
Mr. Robert Quartermain, president of Silver Standard adds: “The investment in Minco Silver by Silver Standard provides Silver Standard with exposure in an area where it is not already working, and brings the expertise of Dr. Cai and his resources to the benefit of Minco Silver and Silver Standard shareholders.
“The Chinese economy has grown at an astonishing pace over the past 10 years, with annual silver consumption increasing from 24 million ounces to 47 million ounces. China appears to have an insatiable demand for all metals and we strongly believe that there will be continued growth in silver consumption. We are very pleased to participate in the Minco Silver strategic alliance in a country that has large silver resource potential with an increasing domestic silver demand.”
Dr. Ken Cai, president and C.E.O. of Minco, comments: “This strategic alliance between Silver Standard and Minco is a very exciting move which will benefit both shareholder groups. A well-funded Minco Silver can move forward with the Fuwan silver project and with the acquisition of other high quality Chinese silver projects. By combining the expertise of the two companies, I am very confident that we will build Minco Silver into a significant pure silver company focused in China.”

For further information, contact:

Robert A. Quartermain, President Paul LaFontaine, Director, Investor Relations

Silver Standard Resources Inc. Silver Standard Resources Inc.

Vancouver, B.C. (604) 689-846 N.A/ toll-free: [phone]
Direct: [phone]
E-Mail: [e-mail]

To receive Silver Standard’s news releases by e-mail, contact Paul LaFontaine, director, investor relations at [e-mail] or call [phone]. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein. The statements that are not historical facts are forward-looking statements involving known and unknown risks and uncertainties which could cause actual results to vary considerably from these statements. The risks and uncertainties include those described in Silver Standard’s SEC Form 20F as amended.

[macvin]

Tue Oct 12, 2004
Silver Standard Increases Indicated Silver Resources at Pitarrilla in Mexico by 46%; Commences Trading on NASDAQ National Market

--------------------------------------------------------------------------------

News Release 04-14

Vancouver, B.C. - Silver Standard is pleased to report an updated block model resource estimate for its wholly-owned Pitarrilla silver project located approximately 170 kilometers northwest of Durango in the state of Durango, Mexico. Based on a cut-off of 40 grams of silver per tonne, indicated silver resources are now 60.2 million ounces, with inferred silver resources totalling 12.9 million ounces.

Using assays from 129 drill holes, Silver Standard has received the following updated block model resource estimate based on a cut-off grade of 40 grams of silver per tonne (James D. McCrae, P.Eng., an independent qualified person, as defined by Canada`s National Instrument 43-101).
Pitarrilla Resource Summary - by Zone (1)
--------------------------------------------------------------------
Silver Silver
Tonnes Silver Grade (in
(in Grade (in oz. millions
Zone Category millions) (in g/t) /ton) of ounces)
--------------------------------------------------------------------
Cordon Colorado Indicated 12.5 115.3 3.4 46.3
--------------------------------------------------------------------
Inferred 3.3 93.9 2.7 10.0
--------------------------------------------------------------------
Pena Dyke Indicated 4.0 107.7 3.1 13.9
--------------------------------------------------------------------
Inferred 1.4 64.1 1.9 2.9
--------------------------------------------------------------------


Pitarrilla Resource Summary - by Resource Category (1)
--------------------------------------------------------------------
Silver Silver
Tonnes Silver Grade (in
(in Grade (in oz. millions
Category Zone millions) (in g/t) /ton) of ounces)
--------------------------------------------------------------------
Indicated Cordon Colorado 12.5 115.3 3.4 46.3
--------------------------------------------------------------------
Indicated Pena Dyke 4.0 107.7 3.1 13.9
--------------------------------------------------------------------
Subtotal 16.5 113.5 3.3 60.2
--------------------------------------------------------------------
Inferred Cordon Colorado 3.3 93.9 2.7 10.0
--------------------------------------------------------------------
Inferred Pena Dyke 1.4 64.1 1.9 2.9
--------------------------------------------------------------------
Subtotal 4.8 85.3 2.5 12.9
--------------------------------------------------------------------


The updated resource estimate is based on results of 78 reverse circulation drill holes totalling 8,700 meters at Cordon Colorado and 51 reverse circulation drill holes totalling 5,500 meters at Peña Dyke. Both Cordon Colorado and Peña Dyke outcrop and are mineable with bulk mining methods.


In addition to drilling, metallurgical test work has continued on the mineralization at Pitarrilla. Mill processes have been refined and are now yielding silver recoveries ranging from 80% to 95%. Further metallurgical test work is planned to optimize silver recoveries.

In April 2004, Silver Standard reported a preliminary resource estimate, based on results received from 81 holes, with indicated silver resources of 41.1 million ounces and inferred silver resources of 12.9 million ounces. The updated resource estimate has increased indicated resources by 46%. To date, Pitarrilla is contributing to Silver Standard`s resource portfolio at a discovery cost of approximately US$0.02 per resource ounce of silver.

In the coming months, Silver Standard`s main focus at Pitarrilla will be the drilling of the Javelina Creek zone, the third known silver zone on the property located two kilometers east of the Peña Dyke zone. Drilling has commenced and additional drill roads and pads are under construction. In addition, further exploration will be carried out at Cordon Colorado in an effort to determine the high grade source for the Cordon Colorado and Peña Dyke mineralization. Kenneth C. McNaughton, M.A.Sc., P.Eng., vice president, exploration, Silver Standard Resources Inc., is the qualified person responsible for the exploration program at Pitarrilla.

Silver Standard is also pleased to announce that its shares will commence trading at the open today on the Nasdaq National Market under the symbol SSRI. With a National Market posting, the company anticipates higher visibility among institutional investors, brokers and financial news media, as well as greater ability for shareholders and potential investors to monitor trading of Silver Standard`s common shares in popular news publications.

With the updated resource estimate for Pitarrilla, Silver Standard now has measured and indicated silver resources of 422.8 million ounces and inferred silver resources of 446.1 million ounces, and moves one step closer to its objective of one billion ounces of silver in all resource categories. At October 7, 2004, Silver Standard has 48.6 million shares issued, US$36.1 million in cash, 1.95 million ounces of silver bullion valued at US$13.9 million, marketable securities valued at US$4.3 million and nominal debt.

- 30 -

For further information, contact:

Robert A. Quartermain, President
Silver Standard Resources Inc.
Vancouver, B.C.
[phone]

[Neono]

macvin
Schon minesite gelesen? Angeblich will SSRI ein JV mit Cardero auf La Providencia machen.

....

The financial position is confirmed, but what is lacking is a concise description of the projects in the portfolio. There is no mention, for instance, of the very rich La Providencia project in Peru which contains a silver and copper mineralized structure ranging in width from 150 to 250 metres. Between 1986 and 1996, previous operators processed approximately 200,000 tonnes of ore from La Providencia deposit with head grades ranged from 350-600 g/t silver. Back in August some very encouraging drilling results were reported , but there were sample recovery problems and it is thought that a lot of the silver was simply washed away in the reverse circulation operation so the grades could have been a lot higher. A couple of years ago this was Cardero’s number one project, but it is falling back down the scale now that the focus on iron oxide copper gold projects. Word is that Silver Standard may be considering a joint venture.

....

http://www.minesite.com/storyFull.php?storySeq=147

Neono

[OptiBull]

Update von heute:

Silver Standard acquires remaining interest in Pirquitas silver Project in Argentina

Vancouver, B.C. -- Silver Standard Resources Inc. is pleased to announce the acquisition of the remaining 56.6% equity interest in the Pirquitas Project, located in Jujuy Province, Argentina. Under an agreement with Elliott International L.P., The Liverpool Limited Partnership and Highwood Partners, L.P., Silver Standard has agreed to acquire 566 shares of Sunshine Argentina, Inc., the holder of the rights to the Pirquitas Project, on the issuance of 2.663 million shares of Silver Standard. The acquisition is subject to acceptance for filing by the TSX Venture Exchange.



Silver Standard acquired its initial 43.4% interest in the Pirquitas Project in June 2002 and assumed the role of operator of the Pirquitas Project at the time. The Pirquitas Project is located 355 kilometres northwest of the city of San Salvador de Jujuy in northern Argentina. The property was mined from 1933 up to 1990 during which time it produced some 27,300 tonnes of tin and 777.6 tonnes (25 million ounces) of silver from 12 underground mines which were active in the Pirquitas area.



The property was purchased by Sunshine Argentina (then a subsidiary of Sunshine Mining and Refining Company) in 1995, and Sunshine Argentina spent in excess of US$25 million outlining the resource on the property and completing a feasibility study in 1999, with supplemental feasibility work in 2000. Sunshine Argentina purchased all of the surface rights covering the mineralization and mill and plant facilities. On completion of the acquisition, the Pirquitas Project will be owned 100% by Silver Standard and unencumbered by any royalties other than those payable to the province of Jujuy.



Mine Development Associates of Reno, Nevada completed the following in-situ resource estimate for the Pirquitas Project in accordance with the standards of Canadian National Instrument 43-101, in a report dated August 19, 2004 (Steve Ristorcelli, P. Geo., independent qualified person):



(Diluted Resource, All Metals, Based on Silver Cutoff of 30 g/t)

Classification
Tonnes
Silver Grade
(g/t)
Silver Grade
(oz/ton)
Silver
( million oz)
Tin Grade
(%)
Zinc Grade
(%)

Measured
5,349,000
158
4.61
27.25
0.21
0.65

Indicated
28,416,000
136
3.97
123.97
0.14
0.55


Metallurgical test work completed by Sunshine Argentina established silver recoveries of 76% and tin recoveries of 57%. Further metallurgical test work is planned to optimize silver recoveries.

With the acquisition of the remaining 56.6% equity interest, Silver Standard’s overall acquisition cost, based on the closing price of its shares on October 19, 2004, for a 100% interest in the Pirquitas Project is US$44.1 million or US$0.29 per resource ounce. Though higher than Silver Standard’s historical purchase price per resource ounce, the acquisition is accretive to shareholders as it provides for a 20% increase in measured and indicated ounces and a 10% increase in total resource ounces, for share dilution of 5.5% for a project with a completed feasibility study, all surface rights and no royalties other than those payable to the province of Jujuy.



Closing of the transaction is expected to occur on October 21, 2004 at which time Silver Standard will have measured and indicated silver resources of 508.4 million ounces and inferred silver resources of 446.1 million ounces.



With 100% ownership of the Pirquitas Project, Silver Standard has control of one of the world’s largest silver-dominant projects and can now advance the Pirquitas project by updating the Sunshine Argentina feasibility study completed in 2000 and undertaking additional exploration, both surface and underground.



In November, Silver Standard will present its plan for advancing the project to the provincial mining authority, which includes the development and small-scale mining of the Oploca vein to increase the company’s understanding of the metallurgy and processing characteristics of the mineralization. The results of this program will be included in the update of the 1999/2000 feasibility study of the measured and indicated resources of the main Pirquitas mineralized area. Kenneth C. McNaughton, M.A.Sc., P.Eng., vice president, exploration, Silver Standard Resources Inc., is the qualified person responsible for the exploration program at Pirquitas.



Elliot International, Liverpool and Highwood are institutional investors. Elliott International is formed in the Cayman Islands, Liverpool is formed in Bermuda and Highwood is formed in Delaware. The investment activities of Elliott, Liverpool and Highwood are under common management. Highwood is receiving no Silver Standard shares in connection with this transaction.



The acquisition of the Pirquitas Project brings Silver Standard closer to its objective of one billion ounces of silver in all resource categories. On completion of the acquisition, Silver Standard will have 51.27 million shares issued, US $36.2 million in cash, 1.95 million ounces of silver bullion currently valued at US $14.1 million, marketable securities currently valued at US $3.9 million and nominal debt.