Conversation with Robert Quartermain of Silver Standard Resources
Posted by ~Ray @ 2007-11-27 20:37:39
Robert A. Quartermain has been the President and a director of plate Standard Resources (SSO:TSX. SSRI: Nasdaq) since 1985 (when its merchandise capitalization was only C$1.5 million) and is responsible for strategic planning acquisitions and the raising of capital to fund operations. From 1976 to 1982 he worked for the Geological Survey of Canada and in private industry on mapping and exploration programs. Mr. Quartermain also worked for Teck Corp before becoming president of plate Standard Resources Inc in 1985. Since 1985. Mr. Quartermain has been involved as a director and/or command of a number of public resource companies including currently Vista Gold Corp and Canplats Resources Corp. He is also President of The Silver Institute. Mr. Quartermain graduated in 1977 from the University of New Brunswick with a Bachelor of Science degree in geology and from promote's University in 1981 with a know of Science degree in mineral exploration. What is your outlook on plate?In regards to my outlook on silver I evaluate it continues to remain good. Key drivers in the plate merchandise are its uses in electrical and industrial applications. For the first measure ever measure year more than 50% of silver consumption on a global basis was in electronics and industrial applications which meant that there was less consumption in its more conventional uses such as silverware jewellery and photography. One of the driving forces of that is the use of silver as a catalyst and as a result of having this quality it is used in the oil & gas industry it is used to create plastics and also in many high temperature applications. As well if you apply a current to silver it doesn’t initiate and as a result of this it is used in a lot of small electrical connections such as those used in touch pilots and things of that nature where the conjoin incorporates plate. As a matter of fact in July of 2007 the European Union banned the use of bring about in solders and some of the potential replacement that’s being used (that we are seeing from anecdotal information) would be plate in solders. Solders of course are used in lighten switches that you use in homes and so we are starting to see a bit of an uptake in silver bespeak in those applications. plate is also used in photovoltaic cells in solar panels and a wide variety of everyday uses such as cell phones and computers. So I think that as we see the growing economies in both China and India and the movement there towards consumer goods particularly cell phones and other communication devices then we should continue to see consumption growth in electrical and consumer applications of silver so the outlook for the commodity remains bullish. What is you outlook for silver stocks?Regarding plate stocks they are somewhat dependant on the market. process date the price of silver has gone from $5/oz aim 3 to 4 years ago to its current $13/oz level. Stocks which are focused on plate such as ours and our peer group have enjoyed an increasing overlap price because of the leverage we undergo to the commodity from our project base. Investors should also keep in mind that market fluctuations may sometimes override movements in the stock relative to silver determine. We are currently coming into the season where physical demand picks up particularly in India due to their wedding as come up as religious festival that become in the go and this often results in increased seasonal consumption of silver. India in the past has been a fairly large consumer of silver both from a jewellery point of believe as well as an in investment. Later in October there is a conference organized by the silver initiate in China which I’ll be attending and one thing that the conference focuses on is Chinese consumption of silver. Over the last few years the amount of consumption of plate jewellery in China hasn’t been comparable to that of India so if we start to see that kind of consumption pick up in China it will result in an incremental change magnitude in demand and that ordain certainly be reflected in price of the commodity and then onto silver overlap prices. If you could look into the future 5 years from now where do you see Silver Standard Resources?If I could be into the future 5 years from now we probably wouldn’t be having this conversation. Thank you Mr. Quartermain!
My label is Arjun Rudra and i used to create verbally under the moniker Wolf Stone but after my identity was revealed in a Globe & send bind i figure it's pointless to continue using the moniker. I'm a 22 year old university student in Vancouver. Canada. My passion for capital markets and especially resources was ignited 2 1/2 years ago and since then i have kept a close eye on industry trends and parlayed that knowledge into a decent yearly return. Since I drop mostly in micro cap resource stocks this blog will cerebrate on covering news and analysis regarding resources with a dash of fun. For a little bit more about me click the "Who is Wolf Stone" link in the Popular Posts column.
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