Am I reading this right? Shanghai troy oz silver at >$100 / oz?
(goldsilver.ai)
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I think you are GENERALLY right on this, but it takes years to locate, open, and get a mine started producing. So that lag time could spell the end for some companies that are dependent on immediate silver deliveries.
Pebble mine in Alaska has proven reserves of all kinds of minerals. Gold and silver are the biggest. The company which owns Pebble has been thwarted from digging because of a ruling by the EPA. They say the tailings might hurt the salmon spawn.....two hundred miles away. Hmmm, go figure. But President Trump and the SCOTUS is fixing to eliminate the EPA, thus the Pebble mine can begin production. Let's GO!!!