AYN alcyone resources ltd

Before you read just the blurb I include below, take a moment...

  1. 2,882 Posts.
    Before you read just the blurb I include below, take a moment and go to the source and read the full article.
    It will tell you why AYN is in such a good position as the first ASX silver mine back into production. Silver demand is increasing and supply is running out. This will increase the price of silver in 2011. Why? Read the full article. You will be pleasantly surprised.

    http://seekingalpha.com/article/238768-silver-the-best-commodity-investment-in-a-stimulus-driven-slow-recovery

    Supply is Low and Declining: The current estimated supply of refined silver has come down to less than 200 million ounces from 2.2 billion ounces in 1990 and 1.5 billion ounces in 2001. In 1900, there were 12 billion ounces of silver in the world. It is estimated that 90+% of the refined silver has been eaten away by a chronic deficit in mined silver and industrial usage in global photography, technology, medical, defense and the electronics industries. Since 1990, industrial demand has averaged 1.56 times of the yearly mine production. For every ounce of silver the mines produced, industry consumed one and a half ounces of silver and there is no reason why it will change now. Silver production has been flat in recent years while demand has been increasing. However, today, the U.S. government's stockpile is all but gone, and sales from other official sources are declining, too. Inventories of most of the central banks are down to an unprecedented level. On current supply/demand trends, the amount of above ground refined silver is projected to disappear completely in 2011. Any increase in recycling may only come from private holders of silver, which until this point was non-existent.

    Newminer.
 
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