Foran Mining taps investors for McIlvenna Bay initial phase funding
McIlvenna Bay is currently host to the largest undeveloped VMS deposit in the Flin Flon region in Saskatchewan.
How much silver can I buy for a hundred trillion Zimbabwe dollars? Endeavour Silver asks this question to kick off a short video demonstrating the value of the white metal in relation to fiat currencies, which have not always held their value. In talking to silver traders and historians, the company (www.edrsilver.com) shows that while paper money is a promise to pay from the government issuing the currency, silver and gold are valued intrinsically based on the amount of the metal in a coin or any metallic object. One of the most extreme examples is Argentina, whose currency lost 20% of its value per month during hyper-inflation. Argentinians who held gold and silver during that time now counts themselves lucky for having retained at least a portion of their wealth.
