as i said yesterday, the ten-year life of pirquitas is just for starters. and today the company comes out with this press release. sometimes life is good.

http://ir.silverstandard.com/release...

at pirquitas reserves alone have increased to 195 million ounces, and that doesn't even count another 240 million oz. of resources, almost all of which is measured and indicated. and all of this assumes only $11 silver, which means even more will be economic with higher prices.

so now the company is estimating mine life is 14.5 years. once again, even that is being conservative, as there are now more than 400 million oz. of silver at priquitas, and 11 million oz/yr x 14.5 years is less than half that amount. given any reasonable recovery rate, that is the bare minimum that pirquitas will produce, and realistically it could produce a lot more.

btw, the figures in today's news release don't assume any expansion of the pit, either. the deposit is still open at depth, so there is an excellent chance that it could grow larger, and increase mine life even further.

again, that is the reason to own sso instead of the other silver companies. even when the price of silver goes nowhere, the company can deliver shareholder value by developing assets like pirquitas.