The Silver Thread

Got this from Silver Standards web site.

"Silver Standard's core projects have measured and indicated resources totaling 163.9 million ounces of silver plus inferred resources totaling 249.6 million ounces of silver. The company currently has 30.0 million common shares outstanding, with 34.9 million shares fully diluted. This means that each share of the company is backed by approximately 11.8 ounces of silver in all categories on a fully diluted basis."


How does they stand up to other companies on value?





Silver Standard Resources Inc. is among the few publicly-traded companies in North America that are focused on the development of silver deposits internationally. Silver Standard's objective since 1994 has been to acquire significant in-ground silver resources and to develop these projects into silver-producing mines. All but one of the company's projects have been purchased or optioned at a fraction of silver's current price and at a significant discount to the investment by prior owners.

Silver Standard is distinct in several key ways:

none of the company's projects is currently in production, pending higher silver prices;
its projects are silver-dominant, i.e., the primary economic value in most projects is silver which increases shareholder leverage to higher silver prices; and
the company's projects are geopolitically diversified.
In addition, the company has no long-term debt, significant environmental liabilities or hedging or derivatives in place. With large silver resources owned or under option, and with relatively capitalization, Silver Standard offers investors high leverage to future silver price increases, similar to an unexpiring call option with exploration upside.

At December 1, 2001, Silver Standard has interests in eight projects:

the 100%-owned Bowdens project in New South Wales, Australia;
a 10% direct interest and an option to earn a further 40% interest in the Manantial Espejo project in Santa Cruz province, Argentina;
the 92%-owned Shafter project in Texas;
an option to purchase a 100% interest in the Diablillos project located in Salta province, Argentina;
a 100% interest in the Candelaria mine in Nevada;
a 100% interest in the Sulphurets-Bruceside project in British Columbia, Canada;
an option to acquire a 100% interest in the Challacollo project in northern Chile;
an option to acquire a 100% interest in El Asiento in Bolivia.
All but the Sulphurets and El Asiento projects are considered core projects whose economics improve with higher silver prices.

Silver Standard's core projects have measured and indicated resources totaling 163.9 million ounces of silver plus inferred resources totaling 249.6 million ounces of silver. The company currently has 30.0 million common shares outstanding, with 34.9 million shares fully diluted. This means that each share of the company is backed by approximately 11.8 ounces of silver in all categories on a fully diluted basis.

Silver Standard was incorporated in December 1946 and has been involved in exploration for and production of precious and base metals for over half a century. Since its inception, the company has earned a reputation for integrity and professionalism in the resource business. Teck Cominco Limited, a multinational producer of gold, base metals and coal, has been a shareholder of Silver Standard since 1968. Other larger corporate shareholders include Barrick Gold Corporation and Kinross Gold Corporation.

The company's common shares are traded on the Nasdaq SmallCap Market under the symbol "SSRI" and the TSE/CDNX Exchange under the symbol "SSO." Silver Standard's shares are widely held among retail investors in the United States, Canada, Europe and Asia.

Silver Standard's board of directors and senior management are predominantly geologists and mining engineers with extensive experience in the exploration, development, financing and operation of both underground and large-scale open pit mines in a variety of climates and political environments.