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<p>[QUOTE=&quot;tom bronco, post: 2520166, member: 81055&quot;]Total BS that has been refuted lots of times. Plenty of silver left in the ground and every year the mining industry produces more and more.</p><p><br /></p><p>As to the cost of producing an ounce of silver that varies from mine to mine. Think about it. Each mine is a unique entity with different circumstances. I know one Canadian mine was so off the beaten path that their power was being supplied by generators. You can imagine what that did to their energy cost. Is it a new mine or an old mine? Is the vein nearly depleted or going strong? Is it strip mining or deep mining?</p><p><br /></p><p>That is just to get an ounce of raw silver. Then it goes to a smelter to be melted and impurities taken out. Then to a refiner who gets any remaining impurities out and produces it in whatever form the mint wants due to the thickness and size of the coins or bars. </p><p><br /></p><p>Then there is the cost of designing and actually striking or pouring the end product. So it varies a lot and you can&#039;t depend on the CEO&#039;s giving you accurate information because they want to look good to their stockholders and keep their competitors in the dark.[/QUOTE]</p><p><br /></p>

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