Dear Shareholders and Friends,
 
Jeffrey Christian, founder and Managing Director of the CMP Group, highlighted Silver Recycling in a recent interview with Streetwise Reports. In the interview, Jeff debunks doomsayers who await the dollar's demise, anticipates what may well be a more powerful recovery from recession than most pundits do and foresees bright days for gold and silver.

A foremost authority on the precious metals markets and a leading expert on commodities markets Jeffrey Christian has authored many pieces on precious metals markets, commodities and world financial and economic conditions. CPM counts among its clients many of the world's largest mining companies, industrial users of precious metals, central banks, government agencies and financial institutions. Jeff has pioneered application of economic analysis and econometric studies to gold, silver, copper, and platinum group metals markets, as well as efforts to improve and extend the quality of precious metals and commodities market statistics and research overall.

I thought you would be interested in reading his comments on Silver Recycling. These are provided below.
 
Regards,
 
Don Holmstrom
President and CEO
 
JEFFREY CHRISTIAN'S COMMENTS:

Source: The Gold Report  12/16/2008

TGR: You mentioned Silver Recycling starting to sell physical silver. What else can you tell us about this company?

JC: For purposes of full disclosure, I personally own some stock in Silver Recycling and they are a CPM Group client. We are financial advisers to them. I can talk about who they are and what their ideas are, what their plans are. I like the company a lot because they're basically a consolidation play to create a publicly traded company in refining silver from scrap. They've identified three initial targets of small privately owned silver recyclers in the United States and are working with them. They have agreements with all three to acquire them and bundle them together, consolidate them and benefit from the economies of scale. And then there are other companies they can target later. It's a very interesting operation. If you compare them to a silver mining company, they have the capacity to produce silver from scrap without any of the capital costs, country risks and operational risks that are common with a mine. So lower costs, less capital, fewer risks, still producing silver.

TGR: What sort of volume are we talking about?

JC: The first company they have an agreement with has 5 million ounces of production a year. The others have somewhat less.. I don't know the numbers off the top of my head, but I believe that the three companies combined would be producing something in excess of 10 million ounces a year.

To see the entire interview click here: http://www.theaureport.com/cs/user/print/na/1952
 

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The Silver Recycling Company Inc.
Don Holmstrom

President & CEO
Tel: (604) 688-3011
Email: dholmstromilver-recycling.com
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