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Eric Sprott among GATA favorites to address Silver Summit in October

Section: Daily Dispatches

10:40p ET Wednesday, August 29, 2012

Dear Friend of GATA and Gold:

The 10th annual Silver Summit will be held Thursday and Friday, October 25 and 26, at the Davenport Hotel in Spokane, Washington, and will feature presentations by GATA favorites Eric Sprott of Sprott Asset Management, Peter Spina of GoldSeek and SilverSeek, Al Korelin of the Korelin Economic Report, David Morgan of The Morgan Report, Bix Weir of the Road to Roota newsletter, Roger Weigand of the Trader Tracks newsletter, Ron Hera of Hera Research, and CPM Group Managing Director Jeff Christian. Many silver mining companies will be exhibiting. Admission is $40. The conference's Internet site, with registration and hotel information, is here:

The conference's press release is appended.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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Silver Summit to Celebrate its 10th Anniversary

Cambridge House International's annual Silver Summit celebrates its tenth year Oct. 25 and 26 at the historic Davenport Hotel in Spokane, Washington, with a cavalcade of experts in all things silver and a thousand silver aficionados.

"The junior sector in the resource industry, which was just plain hammered in the 2008 market debacle, is making a comeback. So is silver," says Joe Martin, president of Cambridge House. "It's on the long end of the slingshot. You'd be just plain crazy not to investigate the silver sector of this market, and the Silver Summit is the place to do it."

The Silver Summit is unique in the world of resource investment conferences as its focus is on silver: its exploration, its production, its end uses -- industrial and medical -- and its potential as a store of value as an alternative to paper money. Speakers and panelists at the Silver Summit will address all aspects of silver, and will feature the CEOs of the world's leading silver explorers and producers, as well as experts in the silver market.

"While it has grown tenfold, we still regard the Silver Summit as a 'mom-and-pop' show, where customer service comes first." says Silver Summit co-founder Shauna Hillman. "After 10 years we know that most of our attendees, and all of our exhibitors, by their first names. You couldn't find better people to hang out with at the West's most historic mining hotel for several days of networking, nitpicking, camaraderie, and knowledge. It's where the giants of silver mining, exploration, and investing let their hair down and speak as equals.”

Casey Research's Jeff Clark, CPM Group's Jeff Christian, silver guru David Morgan, Dr. Michael Berry, and Sprott Asset Management's Eric Sprott will headline this year's Silver Summit, along with a host of newsletter writers and analysts who cover the silver markets.

As always, admission to the Silver Summit costs 1 ounce of .999 silver or fiat paper money equivalent convertible to $40 U.S. dollars. Attendance, and rooms, are limited. For a special Silver Summit room rate at the Davenport or one of its affiliates, please contact the hotel directly at 1-800-899-1482 or visit their website. For further information, please visit the Silver Summit's website, or contact Shauna Hillman at 208-556-1621 or Cambridge House at 877-363-3356.


Fred Goldstein and Tim Murphy open All Pro Gold

Longtime GATA supporters Fred Goldstein and Tim Murphy have brought their many years of experience in the precious metals and numismatic coins to All Pro Gold as metals brokers who specialize in the delivery of gold and silver bullion bars and coins as well as numismatic gold and silver coins. Fred and Tim follow these markets closely and are assisted by a team of consultants in monitoring market trends. All Pro Gold offers GATA supporters competitive pricing on all bullion products and welcomes inquiries. Tim can be reached at 602-299-2585 and, Fred at 602-799-8378 and Ask about their ratio strategy and the relationship of generic $20 dollar gold pieces to 1-ounce gold bullion coins. Visit their Internet site at

Join GATA here:

Toronto Resource Investment Conference
Thursday-Friday, September 27-28, 2012
Toronto Sheraton Centre Hotel
Toronto, Ontario, Canada

New Orleans Investment Conference
Wednesday-Saturday, October 24-27, 2012
Hilton New Orleans Riverside Hotel
New Orleans, Louisiana

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Or by purchasing a colorful GATA T-shirt:

Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:

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Prophecy Platinum Announces Wellgreen Preliminary Economic Assessment:
38% Pre-Tax IRR, $3.0 Billion NPV, and a 37-Year Mine Life

Company Press Release

VANCOUVER, British Columbia, Canada -- Prophecy Platinum Corp. (TSX-V: NKL, OTC-QX: PNIKF, Frankfurt: P94P) reports the results of an independent NI 43-101-compliant preliminary economic assessment for its fully owned Wellgreen nickel-copper-platinum group metals project in the Yukon Territory.

The independent assessment, prepared by Tetra Tech, evaluated a base case of an open-pit mine (with a mining rate of 111,500 tonnes per day), an on-site concentrator (with a milling rate of 32,000 tonnes per day), and an initial capital cost of $863 million. The project is expected to produce (in concentrate) 1.959 billion pounds of nickel, 2.058 billion pounds of copper, and 7.119 million ounces of platinum, palladium, and gold during a mine life of 37 years with an average strip ratio of 2.57.

The financial highlights of the preliminary economic assessment, shown in U.S. dollars, are as follows:

Payback period: 3.55 years
Initial capital investment: $863 million
IRR pre-tax (100% equity): 38 percent
NPV pre-tax (8% discount): $3 billion
Mine life: 37 years
Total mill feed: 405.3 million tonnes
Mill throughput: 32,000 tonnes per day

Prophecy Chairman John Lee says: "We are pleased with the preliminary economic assessment results. The numbers indicate that Wellgreen is one of most exciting mineral projects in the Yukon. The company is drilling to upgrade and expand the resource base. The infrastructure is excellent as the project is only 1,400 meters in altitude and 14 kilometers from the paved Alaska Highway, which leads to the Haines deep seaport. Discussions are under way with support from local stakeholders regarding permitting and logistics."

For the complete press release, please visit: