I talked with Jim and Ivan at WallStreetSilver on CPM Group’s misleading statements on the primary silver mining industry’s falling ore grades and resource depletion. It seems that the CPM Group believes the Silver Miners voluntarily decided to go to lower ore grades due to higher prices, while ironically, the opposite is actually the case.
The primary silver mining industry “IS NOT” deciding to go to lower ore grades because the price of silver has been rising over the past 10-15 years. Rather, the market is pricing silver higher due to falling ore grades and resource depletion. It looks as if the CPM Group has it backward.
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