discussion point on silver and silver stocks, page-6

CXC has credibility problems too. At least they have finally stopped lying about owning mines in Oz (their website used to proclaim that they owned two mines in Australia).

Their biggest problem for me is sovereign risk. Having their main mine in Bolivia is asking for trouble.

Second problem is that they are dependent on production from several mines on the commodity boom. If the boom falters because of China, for example, and commodity production falls at the base metal mines in Oz where they get the silver, then their production falls too. The mines are not obliged to produce silver for CDE.

In share price terms, over the last seven years MMN has outperformed CXC! Scary.