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<p>[QUOTE=&quot;medoraman, post: 1729594, member: 26302&quot;]True. Justafarmer is also right, they didn&#039;t shut down when silver was $4 an ounce. I think margins were tighter then basically due to government selling. So I view the 1990&#039;s as tighter margins than today.</p><p><br /></p><p>The problem with costs is they have escalated a lot in the 2000&#039;s due to all of the activity aroud the world in mining. I have read in Australia its common for a HS dropout mining iron ore to demand over $100k a year. I am not talking about a talented employee, its EVERY EMPLOYEE getting paid that high. As a result, I would not be surprised if most silver mines have around $15 an ounce into it nowadays. But, its variable per mine of course.[/QUOTE]</p><p><br /></p>

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