Apex Silver Mines Filing for Bankruptcy

Quoted from the NI 43-101 Report for the Apex Silver Platosa Proyecto:

"As of January 31, 2008, a total of 119,874 tonnes of mineralized material with average grades of 1,447 g/t Ag, 12.65% Pb and 12.96% Zn had been sold and shipped to Penoles."

Even at todays low silver prices the numbers in that quote works out to over 55 million dollars worth of silver! Either Apex made some serious errors in their operations (which we doubt) or something a little more fishy is going on. Keep an eye on this stock because whomever ends up with this companies assets will surely have a winner.