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<p>[QUOTE=&quot;justafarmer, post: 1730178, member: 3926&quot;]This is true but, repeating myself, Silver was $5.00 and lower 10 years ago. I would think that miners have their base production hedged making current price more or less a future concern 1 or 2 years down the road as far as production goes.</p><p>Outside of PMs have other mining interest experienced a 4 to 5 fold cost increase? Mining is mining - you use big giant equipment and macinery to extract tons and tons of dirt from the earth. Their cost structure in my mind appear to be more alike than different. What is it in the mining process of extracting a PM that has caused their per unit cost to grow at a rate significantly greater than other mining interest?[/QUOTE]</p><p><br /></p>

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