Idaho Silver Valley

Silver Summit 2005

http://www.thesilversummit.com/

Silver Summit 2005 gathering steam, and a host of stars

Wallace and Post Falls, Idaho – Silver Summit 2005, "an investment
conference for the rest of us," is gathering steam with exhibitors,
registrants, and a star-studded galaxy of speakers and entertainment.

Richard "Mogambo Guru" Daughty, in addition to speaking on Friday,
Sept. 23 in the main convention hall at the Red Lion Templin's Hotel
on the River in Post Falls, Idaho, will perform a set of original
precious metals tunes with boogie-woogie artist Steve Dore on
Saturday, Sept. 24 in Wallace at the rededication ceremony of the
Center of the Universe.

Other confirmed speakers and workshop-holders include
Silver-Investor.com's David Morgan, Scotiabank's commodity expert,
Patricia Mohr; newsletter-writer and silver bull Jason Hommel;
silver-in-health expert Dr. Eric Rentz; silver-as-money advocate
Bernard von Nothaus; Free Market News Network's Libertarian
commentator, Harry Browne; and CEOs of North America's leading silver
mining companies.

Silver Summit 2005 commences Thursday, Sept. 22, at Post Falls with
optional tours of deep-shaft mines in the Silver Valley and workshops
on silver's role in health, money and as an investment opportunity,
presented by internationally renown experts in those areas. Friday,
Sept. 23, is the conference's main day, culminating in a free cocktail
hour and drawing for a stash of 10-Sterling silver coins.

Silver will be accepted in lieu of Federal Reserve notes for a variety
of activities and services throughout the Silver Summit, including a
luncheon at Templin's.

On Saturday morning the conference attendees will break camp in Post
Falls, head for Wallace, and attend a day of mine surface plant tours,
including the Bunker Hill, New Jersey, Sunshine, Galena and Lucky
Friday mines, a walking tour of Historic Wallace, and a seminar hosted
by David Bond, author of "The Silver Pennies." The day will end with a
typically Wallace-style party celebrating that city's claim to be the
Center of the Universe and, weather permitting, a street dance.

Further Silver Summit 2005 information for exhibitors and attendees
may be obtained from the Silver Valley Mining Association in Wallace
at 208.556.1621, or on the web at http://www.thesilversummit.com.

Wer fährt im September zum Silver Summit ???

http://www.thesilversummit.com

Newtechxl

http://www.silverstrategies.com/story.aspx?id=834

Silver, Silver Valley and the Silver Summit !

by Christian Wirth and David Bond

08/03/2005

Christian Wirth interviews David Bond, the American Silver analyst and owner of
http://www.silverminers.com about Silver, Idaho Silver Valley and the Silver Summit.

Wirth: Hi David, great to have you here. You as a real Silver Bull tell us how you found
your passion for silver ?

Bond: Well Christian, it began in the mid-1960s, when I was a teenager and the U.S. debased its coinage, taking out silver and substituting base metals. The real silver coins disappeared overnight. But there were still plenty of 1957 A and B Silver Certificates in circulation, so I began to accumulate them. These were issued by the U.S. Treasury, not by the privately-held Federal Reserve Bank. My objective was to exchange them for silver. But then the federal government reneged on its promise to redeem Silver Certificates with silver. My Silver Certificates became as worthless as Federal Reserve debt notes. So I have been watching, and when possible, accumulating physical silver ever since.

Wirth: What do you think about the current price of silver ? Which factors do you expect to influence the price in future ?

Bond: Even with two major silver projects set to come on line later this decade, another big one, the Rochester, will I am told be coming off-line. I believe silver will be demand-driven and that its price will rise accordingly. The Third World is gobbling up new technology like mad: you can go to Venezuela or China and everyone is using cell-phones and satellite technology. That means they’re using silver like mad. Silver has no peer as a low-cost conductor. But once that cell phone is replaced and tossed away, the silver goes away with it. Digital has been erroneously hyped as the death of silver in photography, because people don’t realize that this is a zero-sum game. By that I mean is that the vast majority of silver used in halide film is recycled in the developing process, so it returns right back to the market as “scrap.” I have heard varying figures on the efficiency of this recovery, but I believe it’s on the order of 80 percent or better. So if less silver is used by the film-making industries, then less silver comes back to the market as scrap. Silver’s future in health as a biocide, a water purifier, as a medicine, is simply enormous, and that silver won’t come back into the supply stream either. So I am very bullish on its prospects as an industrial commodity, and we haven’t even touched on silver as money, which could be the salvation of the Dinar and the Renminbi.

Wirth: You are living in Wallace, right in the heart of the famous “Idaho Silver Valley”, so please tell our readers what is so special about that valley ?

Bond: Wallace and several of its companies, from Hecla to Sterling Mining, have more than a century of silver mining history. Most mining camps producing silver live very briefly; the Comstock in Nevada was finished in something like 20 years. We’ve been going since 1884. Same mines, many descendants of the original families who came here from Europe. This has created a culture I find unique and fascinating. It’s a wonderful place to live.

Wirth: The Silver Valley has a long history of mining, is that right ?

Bond: Yes; almost 130 years. It’s had its ups and downs, but silver mining has gone on here continuously for that long.

Wirth: How do you see the possibilities for investors to invest in the Silver Valley ?

Bond: The possibilities are certainly out there. There are about 36 publicly traded companies with silver claims in the Silver Valley. They range from NYSE companies like Hecla and Coeur to Pink Sheet over-the-counter stocks which react very swiftly to movements in the silver price. Most are thinly traded and highly volatile. You must watch them carefully and be ready to act. Even a Big Board company like Hecla went in two years from being in danger of losing its New York Stock Exchange listing because of low share price to being the NYSE’s top performer, in 2002.

Wirth: As far as I understand you, the “Idaho Silver Valley” is the place to be for silver investors, comparable like Cortez for Gold or Athabasca Basin for Uranium ?

Bond: Well, Christian, we sure have a lot of it. The Silver Valley has produced in excess of 1 billion ounces of silver (more than the Potosi and Comstock districts combined) and geologists conservatively estimate there are at least another 1 billion ounces still in the ground at accessible depths.

Wirth: How is the current production rate of the companies from the Valley and which advantages does the Silver Valley offer to investors beside
the rich ore body of primary silver ?

Bond: Production here is moving upwards in response to higher silver prices. I see the Sunshine Mine resuming production in another 18 months or so, not originally at its former level of 5 million ounces per year, but it will be a significant producer again. Hecla’s Lucky Friday is thumping right along with production from recent development work. The people at Galena (Coeur d’Alene Mines) are catching up on their exploration and development work. We could, given the right price scenario, see silver production return to about 15 million ounces a year from the current level of about 5 million during this decade.

Wirth: How much silver is there still in the ground and what about the exploration ?

Bond: As I mentioned, there are easily another billion ounces, and that’s just from conventional exploration estimates. Now we have, and have begun to use, high-tech exploration means including satellite imaging, and IP, which means you shock the ground with electrical wires and measure the conductivity. The readings don’t tell you that there’s silver there, but they do tell you where to look for silver. Sterling is using these techniques around the Sunshine; New Jersey Mining is using them on their properties, and Silver Royal Apex has embarked upon a similar program on the north side of the Osburn Fault. It could be that there’s an extension of the silver veins offset on the north side of the fault. If that’s the case, we are looking at 3 billion or more ounces here. It’s simply phenomenal.

Wirth: David, 2003 you started to organize a conference about silver, the “Silver Summit”.
Please tell us more about it !

Bond: I can’t take much credit for it. The idea was originally Sterling president Ray DeMotte’s, and Shauna Hillman, who owns a photo shop here in the Silver Valley called Indelible Tidbits, really organized it. I just made a few phone calls. But we thought, with all these mining investment conferences being held in hotels in London and New York and San Francisco, shouldn’t there be one located where people could actually see the mines that were being talked about? And since all you ever hear about at these other conferences is gold, gold, gold in moose pastures up in the Arctic, shouldn’t there be one conference that focused on silver and producing companies? We didn’t know what to expect, but the first year was well-attended, and last year attendance more than quadrupled, to almost 500 people. I don’t know what to expect this year, but we have quite a list of presenters, from Richard “Mogambo Guru” Daughty to Pat Mohr of Scotiabank to David Morgan and Jason Hommel and Bernard von Nothaus, and we’ll be having workshops on silver as medicine and money. There will be boat cruises, live music, and opportunities for people to go underground in deep-shaft working silver and gold mines. The major silver CEOs from North America will also speak, and you’ll get a chance to meet then.

Wirth: When and where will it take place ?

Bond: It runs Sept. 22 and 23 at the Red Lion Templin’s River Resort in Post Falls, Idaho, about 30 miles east of Spokane, Washington on the I-90 freeway, and winds up in Wallace on the 24th with a day of surface mine tours, historical tours, and a celebration of the Center of the Universe, which for some crazy reason Wallace thinks it is. You can go on the web to register at http://www.thesilversummit.com, or call Jann Higdem at the Silver Valley Mining Association in Wallace, 1.208.556.1621 for more information. It promises to be a good time.

Wirth: David, thank you very much for the interesting interview.

@ Edel Man

einfach mal die Jungs kontaktieren und Sie darum bitten, Infos nach good old Germany zu schicken.

Habe die Adressen von Hommel übernommen:

Sterling:

RDemotte@aol.com Ray DeMotte 208 666 4070

New Jersey:

minesystems@usamedia.tv Fred Brackebusch