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Fresnillo may have (finally?) bottomed FRES.L ... 5-yrs : w/SIL, SLV : 10d : FRES.L vs. SLV & SIL... 10d : Fnlpf - FRES vs. SIL & SLV ... update : ==

Fresnillo / FRES.L, fnlpf - "World's Top Silver Miner" FRES.L , FNLPF / FRESNILLO ... All : 5yr : 2yr : 6mo : 10d : vSLV 5d-etc 10d-e / GBP 11.90 x1.330 = US$ 15.83 FNLpf / Fresnillo as a bellwether ... update : Fresnillo Inc. is ... " engaged in the exploration, development, and production of gold and silver properties in Mexico. Its properties include Fresnillo, Saucito, Cienega including the San Ramon satellite mine, Herradura, Soledad-Dipolos and Noche Buena." PRESENTATIONS : http://www.fresnilloplc.com/investor-relations/reports-and-presentations/ World’s largest silver producer (58.7 moz in 2017) and Mexico’s largest gold producer (911.1 koz in 2017) Total assets of US$4.7 billion and market cap of US$12.9 billion (2018 Guidance) + Silver production from the Fresnillo mine continues to increase, 7-9% increase expected this year + Pyrites plant and 2nd Dynamic leaching plant expected to be commissioned in 2Q18 + 2018 guidance: 67-70 moz silver & 870-900k oz gold ---------------------------: Act.2017 : Est. 2018 : /4 Qtrs. / : 1st.Half : Anal.Est Production : AG: oz 58.7M : oz 68.5M : oz 34.2M : oz 34.2M : Production : AU: oz 911.M : oz 885.M : oz 442.M : oz 221.M : Ratio au/au : / : Ra - 75.0 : Ra - 75.0 : Ra - 75.0 : Ra - 80.0 : AG eqv.Prod :EQ: oz 68.3M : oz 66.4M : oz 33.2M : oz 02.7M : Total AG eqv :TP: oz 127.M : oz 135.M : oz 57.5M : oz 19.8M : Aver. AG price = :+ $16.48 : + $16.50 : + $16.50 : + $00.00 : Revenues------ : R : $ 2,093M : $ 2,228M : $ 1,114M : $ 1,100M : EBITDA -------- : E : $ 1,060M : $ 1,130M : $ 0,565M : $ 0,280M : Prod.Cost----- : C : $ 0,769M : $ 0,837M : $ 0,818M : Per Ounce----- : c : ( $06.06) : ( $06.20) : ( $06.20) : Gross Profit-- : G : $ 0,925M : $ 0,986M : $ 0,493M : Expl.Expend. : X : $ 0,141M : $ 0,150M : $ 0,075M : Oper. Profit-- :OP: $ 0,709M : $ 0,756M : $ 0,378M : --------> Per Eq.Oz : $ 05.58+ : $ 05.60+ :$ 05.60+ : Shares OS--------- : 730.0 Mn : 730.0 Mn : 730.0Mn : OP per share :PS: $ 0.97 : : $ 1.04 : : $ 0.52 : : Basic EPS---------- : $ 0.76 : : $ 0.81 : : $ 0.40 : : > '18 cons.est. = $0.67 Cash & Equiv.---- : $ 0,896M : $ 0,900M : $ 0,900M : NEWS RELEASES : http://www.fresnilloplc.com/investor-relations/regulatory-announcements/ News / Advfn : May 30 : Fresnillo : 2018 Production Guidance : Silver-and-gold miner Fresnillo PLC (FRES.LN) said on Wednesday that its 2018 production outlook remains unchanged. Mexico-based Fresnillo said it remains on-track to produce between 67 million and 70 million ounces of silver, and 870,000 to 900,000 ounces of gold. Fresnillo said it expects to approve the development of its 56%-owned Juanicipio silver mine project, in the Zacatecas state of Mexico, "in the coming months", with a target of beginning production in mid-2020. 06/08/18 - Advfn : I think it was the failure to hold 1300 that has triggered the drop. The 1299 finish yesterday was a victory for the bears. It will have another run at it soon enough, but someone or more likely, some computer bot really doesn't want this over 1300. Fres.L / Fresnillo PLC ... All : 5yr : 2yr : 6mo : 10d / Last: == LINKS: Forums- : advfn : iii (unpopular) : Analysts: 17 are listed : X : Y : Z : Website : http://www.fresnilloplc.com UKoption: Top 5 SIL components Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($) 12.60 Poly.L / POLYMETAL INTL 8.91 6,034,946 53,770,653.00 12.43 WPM / WHEATON PREC MET 22.03 2,407,875 53,045,486.25 11.73 kr:010130 / KOREA ZINC CO 403.16 124,165 50,058,570.69 11.67 Fres.L / FRESNILLO PLC 17.43 2,857,073 49,800,571.99 5.08 Paas / PAN AMER. SILVER 17.77 1,218,877 21,659,444.29

Nice Photo - showing... Makati skyline from BGC What a great thing having the green area (Makati Golf Club) in between two such famous CBD's The tall tower on the right is Primea Discovery Tower

Fresnillo may have (finally?) bottomed FRES.L ... 5-yrs : w/SIL, SLV : FRES.L vs. SLV & SIL... 10d : Fnlpf - FRES vs. SIL & SLV ... update : ==

MORE Detail of GCM / SSP transaction SSP.v / Sandspring Resources ... update : All : 5yr : 2yr : 6mo : 10d / C$0.25 +0.01 / 12mos Range: cc Sandspring Resources to Acquire Interest in Silver - Gold Project in the Segovia-Remedios Mining District of Antioquia, Colombia and Announces Private Placement June 12, 2018 - Denver, Colorado and Vancouver, British Columbia - Sandspring Resources Ltd. (TSX-V: SSP, OTCQX: SSPXF) (the "Company") is pleased to announce that it has entered into letters of intent with GA Mine Corp. ("GA Mine") and Gran Colombia Gold Corp., and its subsidiary Gran Colombia Gold Segovia, S.A. (collectively, "Gran Colombia"), pursuant to which the Company proposes to acquire (the "Transaction") all exploration, development and mining rights to a 386 hectare area (the "Project Area") in the Segovia-Remedios mining district of Antioquia, Colombia, that includes the historic silver - gold producing Guia Antigua Mine (the "Project"). The Project Area lies within a mining title in the Segovia area that has been and will continue to be held by Gran Colombia. However, the Project Area lies outside of the areas of Gran Colombia's principal mining operations in the Segovia area. The Guia Antigua vein that is the current focus of the Project appears to be similar in geology, structure, vein style and mineralogy to other veins in the Segovia mining district. -Remedios mining district of Antioquia The Project Area is presently held through an unincorporated joint venture arrangement (the "Joint Venture") between Industrias Argentum, S.A.S. ("Argentum"), a Colombian company, and an affiliate of Gran Colombia, Gran Colombia Gold Segovia, S.A. GA Mine, through Arcadian Mineral Corp. ("Arcadian"), has the right to acquire the 70% interest in the Joint Venture held by Argentum. The 30% interest held by Gran Colombia is a "carried interest" in that Argentum, as the operator of the Joint Venture, is responsible for exploration, development, mining, processing and commercialization activities, at its sole expense, and Argentum and Gran Colombia participate in the results on a 70% / 30% basis, respectively. Pursuant to the first letter of intent between the Company and GA Mine, the Company intends to acquire all of the share capital of GA Mine and its subsidiary Arcadian in order to acquire the 70% interest in the Joint Venture currently held by Argentum. In consideration for the acquisition of GA Mine, the Company will issue 21,000,000 common shares to GA Mine and make a cash payment of US$1,100,000 to GA Mine on closing of the Transaction. GA Mine will also have the right to nominate a member of the Board of Directors of the Company upon completion of the Transaction. Pursuant to the second letter of intent between the Company and Gran Colombia, the Company intends to acquire the 30% carried interest of Gran Colombia in the Joint Venture. In consideration for the acquisition of the Gran Colombia carried interest, the Company is required to issue 15,000,000 common shares on closing of the Transaction. Gran Colombia will further subscribe for and purchase, on closing of the Transaction, Cdn$4.0 million dollars of the units to be offered by the Company as described below. Read more at http://www.stockhouse.com/companies/bullboard#Amt2hlUsQhOb23yZ.99 RE: interest on SSP The deal really doesn’t have any meaningful impact on EV so doesn’t change valuation. Basically they are selling a small property for 15m shares and buying 16m shares for $4m. Since the property sold wasn’t part of development plans I doubt anyone was factoring it into valuation. Seems like a they picked up a long term option on gold for relatively low cost and perhaps stunted a liability if their old partner had decided to start spending money on the property they sold. I rather they spend spend extra cash on development, buying back stock or just letting the cash balance grow. Read more at http://www.stockhouse.com/companies/bullboard#IX4QDhHXsdu7jZqx.99

John Mangun‏ @mangunonmarkets 22h22 hours ag What to know what it was like to be Jonah and swallowed by a whale?......Ask someone who bought Bitcoin above $7,500............

SWEET SPOT for Investing? "Those who invest in stock markets in the PH "are a small fraternity" Philippines Stock Index : PH:PSEI ... All : 5yr : 2yr : 6mo : 10d / Last: 7,551.23 Change: -51.75 Open: 7,553.80 High: 7,561.44 Low: 7,479.57 Volume: n/a Percent Change: -0.68% Yield: n/a P/E Ratio: n/a 52 Week Range: 7,457.05 to 9,078.37 CC There is a strong relationship between stock prices and the economy, but it is not what most people think it is. Having invested—and advising others—through the local stock market for three decades, I like the Philippines Stock Exchange. Trading is simple and relatively transparent. Stock value is reasonable and there is sufficient liquidity to be able to absorb large amounts of capital. Back in the day, the largest foreign fund devoted to the PSE held $7 million because of low liquidity. Today, there are individual clients that have invested more. Nevertheless, there has always been the nagging question about the low public participation in the stock market... . . . Ignoring the wild swings in the average annual economic growth, ever since 1988, the economy has only been able to squeeze a 4-percent increase. With the population increase rate, 4-percent growth is just survival stage and 5 percent is an extra bag or two of pan de sal. With that amount of economic growth, there was no money available for stock market investing. Then, in large measure because of the fiscal policies of the Arroyo administration, the GDP growth rate broke and held the 5-percent area. That is also the time the stock market started taking off. Even with this growth, investor participation stayed low, contradicting the idea that rising stock prices should create rising significant numbers of investors. Since 2009 we have seen historic high after historic high and still stock market investing remained a small fraternity. . . . it works this way. Too little economic growth and there is no stock market money available. Too much economic growth and it is more profitable investing in a business because more people have more money to spend. It is a sweet spot that varies from country to country. Too “little” growth, no money. Too “much” growth, buy a business. Both investing in a business and the stock market come with unique risks and effort. Note, you can open a siomai kiosk for P200,000 and a branch of a Chinese restaurant chain for P10 million. So what is the economic growth sweet spot for the local stock market? That is hard to say. We are way ahead in terms of percentage economic growth than those found in other stock market sweet spots. Listed companies’ corporate profits are still growing at an amazing rate, as is the economy. What I would like to see is when we have reached the sweet spot in the Philippine personal savings rate, which had been steadily rising since 1998 and has been going down since 2009. When the savings rate firmly flattens out, as it has for the past two years, that may indicate that there is balance in spending, investing, and saving. That may create the sweet spot. Business Mirror : https://businessmirror.com.ph/author/johnmangun/ Hmm. Perhaps invest-able funds were pouring into the Hot Property market, instead of stocks

VALUE = "Depends on what people are Willing to Pay" This means there is no fixed Fundamental way to value stocks; You need to use Technical Analysis Example: As much as the department store would like to sell a t-shirt for Php10,000, the successful owner must lower the price to a level where buyers come in. And that is exactly how the stock market works. Unfortunately, most investors find that unreasonable and hard to believe, thinking that a company’s ‘value’ should - by some magic formula - determine the price. The only magic formula is what buyers are willing to pay. Metro Bank (MBT) has dominated the news because of the fraud and there is great wailing and gnashing of teeth that the price has gone from Php95.00 to Php86.00. But the price of MBT has always gone from Php95.00 to Php86.00 and lower even when there wasn’t any fraud. MBT could not sustain Php95.00 in May 2013 and fell to Php70.00. In April 2015 Php95.00 failed and Php68.00 was the bottom. It happened again at Php95.00 in April 2016 and the price recovered at Php71.00. Once again in 2017, Php95.00 was the top two weeks ago. Buyers were not willing to pay more than Php95.00 when the earnings were Php8.02 per share, Php7.15, Php5.70 or Php5.60. MBT did not need a scandal to lose Php18 billion of market value. Buyers took care of that for the past four years. For investors that are looking for the Holy Grail of Fundamental Analysis, Php95.00 was the top when the Price Earnings Ratio was 11, 13, and 16. Investors would like to believe that there is some sort of ‘real’ or intrinsic value of a company that should be reflected in share price. But even the hard assets of a company are based on market value. Once again, the ‘price’ of everything is determined by how much the buyer is willing to pay. > from JM's homepage: http://MangunOnMarkets.com MetroBank : PH:MBT ... All : 5yr : 2yr : 6mo : 10d / Last: 75.55 Change: -1.50 Open: 77.05 High: 77.10 Low: 75.25 Volume: 2,393,040 Percent Change: -1.95% Yield: 1.27% P/E Ratio: 14.3223 52 Week Range: 75.25 to 104.9731 xx

John Mangun on Markets (in PHL) He has a Blog: http://MangunOnMarkets.com And has lived in the PH many years, and is highly experienced with trading in the PH stock market (since 1989) And also makes posts & commentary at these places: TWITTER ---------- : https://twitter.com/mangunonmarkets?lang=en Business Mirror : https://businessmirror.com.ph/author/johnmangun/

Is NASA'S Opportunity DEAD? Space agency says Mars rover has 'fallen silent' following a megastorm bigger than North America on the red planet By: malterwitty Flight controllers tried late Tuesday night to contact Opportunity, but the rover did not respond. The storm has been growing since the end of May and now covers one-quarter of the planet. Controllers expect it will be several more days before there's enough sunlight to recharge Opportunity's battery through its solar panels. NASA says the battery is likely so low that only a clock is still working, to wake the spacecraft for periodic power-level checks. Read more: WHAT REALLY HAPPENED | The History The US Government HOPES You Never Learn! http://www.whatreallyhappened.com/#ixzz5ILoM7EM2

Higher Treasury Yields (just under 5% over 3 ys) could blunt interest in property After expenses, most new properties have Net Yields BELOW this level. And owning the RTB comes with FAR less hassle, & no capital risk 3 YEAR RTB's 4X Over-Subscribed ! The Bureau of the Treasury (BTr) has raised Php121.8 billion in fresh capital from its latest issue of three-year retail treasury bonds (RTBs), The Bureau of the Treasury (BTr) has raised Php121.8 billion in fresh capital from its latest issue of three-year retail treasury bonds (RTBs), according to a press release dated June 11. That is more than four times the original Php30-billion offer size announced last May 25. The BTr raised Php66 billion during an auction to institutional investors last May 30. It received an additional Php55.8 billion from retail investors during the offer period, which was held from May 30 to June 8. “As with the past issuances of RTBs, we are glad to have generated strong and continued support from the general investing public,” said National Treasurer Rosalia De Leon in the press release. “We are encouraged by the results of this latest offering, as this is proof that more and more Filipinos are getting into the habit of investing, while doing their share in nation-building. The proceeds from the offer will be used to partially fund the government’s Build, Build, Build program, which aims to roll out massive infrastructure projects around the country. The RTBs have a coupon rate of 4.875 percent per annum, slightly higher than the 4.6-percent inflation rate set last May. It is also higher than the current annual returns of a majority of mutual funds and unit investment trust funds (UITFs) available in the market. > https://www.entrepreneur.com.ph/news-and-events/sold-like-hotcakes-investors-bought-php121-8-b-worth-of-retail-treasury-bonds-4x-the-offer-size-a00200-20180611?ref=home_feed_1

What is this?? Gran Colombia Gold to Acquire Approximately 15% Interest in Sandspring Resources Ltd. GlobeNewswire 8 hours ago

Gran Colombia Gold’s Trailing 12-Months’ Gold Production Tops 192,000 Ounces at the End of May 2018 T.GCM | 38 minutes ago TORONTO, June 11, 2018 (GLOBE NEWSWIRE) -- Gran Colombia Gold Corp. (TSX:GCM) announced today that it produced a total of 18,675 ounces of gold in May bringing the total for the first five months of 2018 to 87,465 ounces, up 27% compared to the first five months of 2017. This brings the Company’s trailing 12-months’ total gold production to 192,461 ounces, up 11% from 2017’s annual production of 173,821 ounces and near the top end of the Company’s production guidance for 2018 of between 182,000 and 193,000 ounces. Serafino Iacono, Executive Co-Chairman of Gran Colombia, commented, “Continuing focus on our high-grade Segovia Operations is driving our production growth as expected and we are pleased to see that we are trending toward a total of 200,000 ounces of gold for 2018.” . . . The Company also confirmed today that it deposited 1,294* ounces of gold from May’s production, as required under the new 2024 gold-linked notes, into a gold trust account. The Company has established the gold trust account with a Canadian-based financial institution rather than Banque Pictet & Cie SA as originally contemplated in the Trust Indenture dated as of April 30, 2018. Read more at http://www.stockhouse.com/companies/bullboard#pKXDiwjqSZ0v7Scc.99 *1,294oz x0.4%= 5.14 oz x$1300= $6,694

RATIOS ... involving Silver & Silver stocks (SIL) ==== : Fye'16 : Fye'17 : +-%chg : 01/05 : 02/02 : 03/02 : 03/29 : 04/27 : 06/01 : 06/08 : Gdxj : $31.55 : $34.13 : +8.18% : $34.48 : $32.29 : $31.73 : $32.15 : $33.03 : $32.80 : $32.78 : SIL - : $32.11 : $32.64 : +1.65% : $32.78 : $30.86 : $29.95 : $30.72 : $30.94 : $30.54 : $30.21 : /SLV: R2.053 : R2.042 : - 0.54% : R2.021 : R1.971 : R1.924 : R1.994 : R1.987 : R1.978 : R1.914 : SLV- : $15.64 : $15.98 : +2.08% : $16.22 : $15.66 : $15.56 : $15.41 : $15.57 : $15.44 : $15.78 : Silver $16.58 : $17.15 : +3.44% : 17.285 : 16.710 : 16.470 : 16.268 : 16.500 : 16.440 : 16.780 : Prem : $ 0.94 : $ 1.17 : +24.5% : $1.065 : $1.050 : $ 0.910 : $0.858 : $ 0.930 : $ 1.00 : $ 1.00 : Ratio : + 6.0% : + 7.3% : ====== : + 6.6% : + 6.7% : + 5.8 % : +5.56% : +5.97% : +6.48%: +6.34% : Ratio : SIL-to-SLV Ratio : Silver -to-SLV : mid is about 106% Ratio : GDXJ -to-SIL Symbol Last- Chg.: PRratio: Yield : Ern.Y : Payout SIV -: 30.21 - 0.31 : PER-n: 0.02%: PER-n : SLV -: 15.78 +0.06 : PER-n: Yld-n : PER-n : PolyL : 661.6 - 2.40 : 10.59 : 6.53% : 9.44% : 69.2% : WPM : 22.17 +0.14 : 158.4 : 1.62% : 0.63% : 257.% : KrZn. : 428.k Unch. : 12.46 : 2.33% : 8.03% : 29.0% : FresL : 1216. - 000. : 20.53 : 3.56% : 4.87% : 73.1% : PAAS: 17.61 - 0.16 : 18.15 : 0.80% : 5.51% : 14.5% : TAHO: $5.34 +0.04 : PER-n : 4.49% : PER-n : HL --- : $3.74 - 0.04 : PER-n : 0.27% : PER-n : CDE --: $7.77 - 0.02 : PER-n : 0.00% : PER-n : SSRM: 10.30 - 0.06 : 23.28 : 0.00% : 4.30% : 00.0% : AG --- : $7.30 - 0.17 : PER-n : 0.00% : PER-n : ===

CDE / COEUR MINING INC ... All : 5yr : 2yr : 6mo : 10d / Last: Coeur Mining, Inc. is a well-diversified, growing precious metals producer with five mines in North America. Coeur produces from its wholly-owned operations: the Palmarejo silver-gold complex in Mexico, the Silvertip silver-zinc-lead mine in British Columbia, the Rochester silver-gold mine in Nevada, the Kensington gold mine in Alaska, and the Wharf gold mine in South Dakota. In addition, the Company has interests in several precious metals exploration projects throughout North America. PRESENTATIONS : http://www.coeur.com/investors/presentations/ NEWS RELEASES : http://www.coeur.com/investors/news-and-media/news/ May 17, 2018 : Coeur Mining's Quarterly Silver Equivalent Production Increased 3.75% May 07, 2018 : Coeur to Live Webcast 2018 Investor Day BusinessWire - BZX

FRES.L - FNLPF / FRESNILLO Plc ... All : 5yr : 2yr : 6mo : 10d / Last: GBP 12.04 x1.340 = US$ 16.13 Fresnillo Inc. is ... " engaged in the exploration, development, and production of gold and silver properties in Mexico. Its properties include Fresnillo, Saucito, Cienega including the San Ramon satellite mine, Herradura, Soledad-Dipolos and Noche Buena." PRESENTATIONS : http://www.fresnilloplc.com/investor-relations/reports-and-presentations/ World’s largest silver producer (58.7 moz in 2017) and Mexico’s largest gold producer (911.1 koz in 2017) Total assets of US$4.7 billion and market cap of US$12.9 billion (2018 Guidance) + Silver production from the Fresnillo mine continues to increase, 7-9% increase expected this year + Pyrites plant and 2nd Dynamic leaching plant expected to be commissioned in 2Q18 + 2018 guidance: 67-70 moz silver & 870-900k oz gold ---------------------------: Act.2017 : Est. 2018 : /4 Qtrs. / : QTR.--#1 : Production : AG: oz 58.7M : oz 68.5M : oz 17.1M : oz 17.1M : Production : AU: oz 911.M : oz 885.M : oz 221.M : oz 221.M : Ratio au/au : / : Ra - 75.0 : Ra - 75.0 : Ra - 75.0 : Ra - 80.0 : AG eqv.Prod :EQ: oz 68.3M : oz 66.4M : oz 16.6M : oz 02.7M : Total AG eqv :TP: oz 127.M : oz 135.M : oz 33.8M : oz 19.8M : Aver. AG price = :+ $16.48 : + $16.50 : + $16.50 : + $00.00 : Revenues------ : R : $ 2,093M : $ 2,228M : $ 0,557M : $ 0,500M : EBITDA -------- : E : $ 1,060M : $ 1,130M : $ 0,283M : $ 0,250M : Prod.Cost----- : C : $ 0,769M : $ 0,837M : $ 0,209M : Per Ounce----- : c : ( $06.06) : ( $06.20) : ( $06.20) : Gross Profit-- : G : $ 0,925M : $ 0,986M : $ 0,247M : Expl.Expend. : X : $ 0,141M : $ 0,150M : $ 0,038M : Oper. Profit-- :OP: $ 0,709M : $ 0,756M : $ 0,189M : --------> Per Eq.Oz : $ 05.58+ : $ 05.60+ :$ 05.60+ : Shares OS--------- : 730.0 Mn : 730.0 Mn : 730.0Mn : OP per share :PS: $ 0.97 : : $ 1.04 : : $ 0.26 : : Basic EPS---------- : $ 0.76 : : $ 0.81 : : $ 0.20 : : Cash & Equiv.---- : $ 0,896M : $ 0,900M : $ 0,900M : NEWS RELEASES : http://www.fresnilloplc.com/investor-relations/regulatory-announcements/ News / Advfn : May 30 : Fresnillo : 2018 Production Guidance : Silver-and-gold miner Fresnillo PLC (FRES.LN) said on Wednesday that its 2018 production outlook remains unchanged. Mexico-based Fresnillo said it remains on-track to produce between 67 million and 70 million ounces of silver, and 870,000 to 900,000 ounces of gold. Fresnillo said it expects to approve the development of its 56%-owned Juanicipio silver mine project, in the Zacatecas state of Mexico, "in the coming months", with a target of beginning production in mid-2020. Forums : advfn : iii (unpopular) : 06/08/18 : I think it was the failure to hold 1300 that has triggered the drop. The 1299 finish yesterday was a victory for the bears. It will have another run at it soon enough, but someone or more likely, some computer bot really doesn't want this over 1300.

CHARTS of Some Other SIL components GPR.v / Great Panther ... All : 5yr : 2yr : 6mo : 10d / Last: ===== On Silver's correlation with HK China & Property shares This "Cluster" of prices came back together, all but one "SLV correlation is better than with HSI" (historically, I had noted) HK-2823 etc ... update UPDATE - HK2823 & HK12 fell to the level of SLV - as HK10 got cheaper; now almost 35% cheaper Sym. Stock -- : 07/04/17- Pct. : 07/05/18- Pct. : change : 2823-China50 : $12.28 (100.%) : $12.44 (100.%) : + 1.30% SLV--Silver Etf : $15.30 (126.%) : $15.03 (121.%) : - 1.76% HK12-Hender. : $40.00 (326.%) : $40.95 (329.%) : + 1.02% HK10-HangLG : $31.30 (255.%) : $21.20 (100.%) : -32.27% HSI-- HS index : 25,389 (2068x) : 27,985 (100.%) : +10.22%

CHARTS of Second 5 SIL components Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($) 5.03 TAHO / TAHOE RESOURCES INC 5.34 3,968,253 21,177,073.15 4.94 HL / HECLA MINING CO 3.74 5,560,584 20,796,584.16 4.46 CDE / COEUR MINING INC 7.77 2,415,590 18,769,134.30 4.40 SSRM / SSR MINING INC 10.30 1,797,368 18,512,890.40 4.20 AG-fr.t/ FIRST MAJESTIC SILVER 7.30 2,426,507 17,702,441.75 23.03% ===== TAHO / TAHOE RESOURCES ... All : 5yr : 2yr : 6mo : 10d / Last: HL / HECLA MINING CO ... All : 5yr : 2yr : 6mo : 10d / Last: CDE / COEUR MINING INC ... All : 5yr : 2yr : 6mo : 10d / Last: SSRM / SSR MINING INC ... All : 5yr : 2yr : 6mo : 10d / Last: AG-fr.t/ FIRST MAJESTIC SILVER ... All : 5yr : 2yr : 6mo : 10d / Last:

CHARTS of Top 5 SIL components Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($) 12.60 Poly.L / POLYMETAL INTL 8.91 6,034,946 53,770,653.00 12.43 WPM / WHEATON PREC MET 22.03 2,407,875 53,045,486.25 11.73 kr:010130 / KOREA ZINC CO 403.16 124,165 50,058,570.69 11.67 Fres.L / FRESNILLO PLC 17.43 2,857,073 49,800,571.99 5.08 Paas / PAN AMER. SILVER 17.77 1,218,877 21,659,444.29 53.5% > Top 5 ======= SIL / Global-X Silver Miners etf ... All : 5yr : 2yr : 6mo : 10d / Last: Poly.L / Polymetal Int'l ... All : 5yr : 2yr : 6mo : 10d / Last: WPM / Wheaton Prec. Metals ... All : 5yr : 2yr : 6mo : 10d / Last: KR:010130 / Korea Zinc Co. ... All : 5yr : 2yr : 6mo : 10d / Last: Fres.L / Fresnillo PLC ... All : 5yr : 2yr : 6mo : 10d / Last: PAAS / Pan Amer. Silver ... All : 5yr : 2yr : 6mo : 10d / Last: ==

SIL / SLV : Silver Miners vs. Silver etf, with Ratio charts SIL (30.08) / AGQ-33.19 = 90.6%, JNUG- 36.31, 120.7% :: SLV- 24.49, 73.8%, sil/slv= 122.8% === ((. UPDATED : May 2022, & Apr. 2024. )) "Silver Shares to start new rally? ... from SIL-$31.50 Low" - I said in May 2022 SIL-etc... : 10yr: 5yr: from Mar.2018: Mar.2020 : 10d/ SIL: $33.93 / SLV: $21.28 = r-159.4%, / AGQ: $32.48 = r-104.5%, ... Before the breakdown, early May 2022 === SIL / Global X Silver Miners ETF vs SLV / Silver etf These two are HIGHLY correlated. The look Suitable for "pairs trading" ... Late Oct. 2023 RATIO: SIL-toSLV : 141.7% SIL vs. UGL. From \Nov'17: 10yr: 5yr: 2yr: Ytd: Late Oct. 2023 Ratio, SLV: $17.78 / $45.69 (UGL)= 38.9%. , was 37.9% (18.99/ 50.11) Ratio: SIL-toUGL: $25.14 /$45.69= 55.0% === Top 5 Holdings : Charts: 10d 5d : Top 10 : Full Holdings (.csv) : As of 6/7/18 Net Assets % Sym / Name Market Price ($) Shares Held Market Value ($) 12.60 Poly.L / POLYMETAL INTL 8.91 6,034,946 53,770,653.00 12.43 WPM / WHEATON PREC MET 22.03 2,407,875 53,045,486.25 11.73 kr:010130 / KOREA ZINC CO 403.16 124,165 50,058,570.69 11.67 Fres.L / FRESNILLO PLC 17.43 2,857,073 49,800,571.99 5.08 Paas / PAN AMER. SILVER 17.77 1,218,877 21,659,444.29 53.51% LINK to here: https://tinyurl.com/SIL-SLV

Wow. Big sudden beat-down in BTC to about 7,200

Real danger of overinvestment as casino companies flock to Philippines Philippines’ blossoming casinos are performing almost too well, reports Reuters, with high levels of interest creating what some are calling an oversupply. Published: September 27, 2017 The Asian nation will open state-run land-based casino interests to commercial bidders next year, raising interest from operators already active in the Macau and Singapore markets. Nationalization of thriving casino industry The Philippines is already home to some privately-owned casino resorts, including the Solaire in Manila Bay, but more than 40 of the country’s gambling facilities are currently owned by the state. The Philippine Amusement and Gaming Corp currently acts in a regulatory capacity as well as operating the state’s casinos, but as of early next year its gaming licenses will be open to commercial bidders. PAGCOR will continue in its role as chief regulator for the gambling industry after the nationalization process is complete. Bloomberry Resorts, which owns the Solare, is interested in the license. Chairman Enrique Razon Jr told Reuters confirmed that the company has expressed interest (pending details of sale conditions) and hoped that a presence in Manila would give the brand an edge over foreign investors. However, Razon expects Macau operators to bid for licenses in Manila. Growing gambling market attracts investor attention The gambling scene in Asia is making significant gains, especially in Macau where records profits were posted in the first half of this year. Plans to legalize gaming in Japan and blossoming revenues in Singapore have boosted the appeal of this Asian market to foreign operators. The Philippines is also seeing gambling gains, with year to date revenues from Morgan Stanley showing a 27% increase for the country’s casinos. Concerns of ‘cannibalization’ within gambling market Gaming revenues in Asia are growing, and operators all want a slice of the profit for themselves. The fast turnover of a profit makes casino investment one of the hot tickets in 2017, and this planned nationalization of Philippine state casinos creates an ideal opportunity. The government wants its Entertainment City project to rival Macau and Las Vegas, attracting visitors from all over the world, and it is keen to pull in big names who can invest well. > https://www.casinopedia.org/news/real-danger-of-overinvestment-as-casino-companies-flock-to-philippines

Social Media is Talking about the spreading impact ! (from a Viber chat): Casino impacts spreads from Manila hotspots to Alabang AF: I saw a post about the Condo at Southmall.... 70 units for sale? The top floor of this condo now has an online gaming casino and the place is full of mainland Chinese players renting units there. Accross the street are 2 other casinos, 1 run by PAGCOR and the other by a Chinese trader. With this development, the administrator told me that the rental business is quite brisk. BN: no wonder the rental rates in Amaia Alabang have gone up AF: there is 1 big online gaming casino in Festival Mall.

China's High Rollers Are Phoning In Big Bets to Manila Casinos ... May 3, 2017 - More Chinese now gambling via calls to Philippine casinos 55 arrested in gaming syndicate shows China taking action In a VIP room reserved for high-spending gamblers at casino in the Philippine capital, many of the players are nowhere to be seen. They’re not even in the country. / 2 / How China’s high rollers are using phone bets to get around nation’s gambling laws Chinese players wagered $27 billion in Philippine casinos in 2016 VIP casino rooms take phone bets from China Chinese high-rollers are exploiting the laws in the Philippines and modern technology to get around their nation’s gambling prohibition. Chinese high rollers are circumventing their own nation’s gambling laws by making phone bets at Filipino casinos, it has been reported. Pictures: Thinkstock. Placing bets by telephone is illegal in most other gaming centres including Singapore, Macau and Australia but it is legal in the Philippines and many Chinese are taking advantage. The VIP rooms of many Philippine casinos feature ceiling cameras which broadcast the gaming action to China, while casino staff wearing headsets talk to Chinese clients and place bets for them, according to Bloomberg. The increasing enthusiasm for phone betting in the Philippines among Chinese high rollers has resulted in dramatic increases in revenue locally and now accounts for up to 85% of gambling business in some casinos. Across the industry, Philippine casinos have reported upturns in VIP revenue equating to 110%, and, at a conservative estimate, it is believed that as much as $27 billion was wagered by Chinese gamblers in 2016. Money laundering This dramatic surge in VIP betting by proxy has led to concern about the risk of money laundering. A US government report raised the issue in March this year and the Chinese government has also been attempting to crack down on the trade, as it tries to stem the flow of money out of the country. > https://www.casinopedia.org/news/china-high-roller-phone-bets-gambling-law

the big transformation started about five years ago Opening of Solaire casino launches Manila's new gambling hub Gambling complex is launched today with the opening of port tycoon's US$1.2b Solaire resort The Philippines today opens the first casino in a hub designed to emulate the success of Macau. Port tycoon Enrique Razon's US$1.2 billion Solaire Manila casino will have a monopoly within Manila's new entertainment and gambling complex until the country's richest man, Henry Sy, opens a venture there next year. The billionaires are investing in casinos as the Philippines seeks to copy Macau, where gamblers from mainland China fuelled a 14 per cent revenue surge to a record US$38 billion last year. New resorts could help the Philippines' gaming market expand five-fold to US$10 billion by 2017, its chief regulator estimates. The gaming area in Solaire is decorated with mother-of-pearl-covered columns and a floor embedded with coloured glass. It is designed to get 45 per cent of its revenue from VIPs, or high-stakes punters, according to Razon's partner Bradley Stone, president at Global Gaming Asset Management. Razon holds one of four casino licences the Philippines awarded in 2008 and 2009 for the entertainment hub that is close to Manila Bay. Sy and Melco Crown Entertainment are scheduled to jointly open a casino resort there in July next year. A venture of Japanese billionaire Kazuo Okada and a fourth casino in the Manila complex by Philippine billionaire Andrew Tan and Genting Hong Kong are expected to open between 2015 and 2016. Razon has so far spent US$750 million to build Solaire's first phase that opens today and he's spending another US$400 million for an expansion that will be completed by the third quarter of next year, Stone said. Manila, only three to four hours away from China, Japan and South Korea, will be an attractive alternative for high rollers in these markets, he added. The Philippines is counting on the new casino ventures to boost tourist traffic that lags behind that of Indonesia and Thailand. It's also betting that these investments, set by the government at US$1 billion for each licence holder, will help cut the jobless rate, which is among the highest in Asia. Solaire's first phase includes an 18,500 square metre gaming area with 300 tables and 1,200 slot machines, seven restaurants and a five-star hotel. The expansion, already under construction, includes more VIP gaming space, a 1,800-seat theatre for Broadway shows and 60,000 square metres of retail space. > http://www.scmp.com/news/asia/article/1191809/opening-solaire-casino-launches-manilas-new-gambling-hub / 2 / No Chinese high rollers? No problem! | Inquirer Business Apr 8, 2015 - Many independent analysts agree: The Philippines is the next big ... edge of Manila Bay, given the ongoing crackdown versus Chinese high-rolling gamblers. ... casino venues used to generate their revenues from high-roller ...