GCFF Conference in Markham, Ontario Sat Oct 18th

Re: GCFF Conference in Markham, Ontario Sat Oct 18th

Will the company be more focused on Silver Tip than the Carmi now that molybenum is so depleated?

Molybdenum puts on the brakes

Molybdenum puts on the brakes

Mon, Nov 17, 2008

Featured Articles, Moly Articles After moly holds its price for months, over just a few weeks the metal suffers huge losses.

After moly held its price for months, over just a few weeks, the metal suffered huge losses.

By Leia Michele Toovey- Exclusive to Moly Investing News

After moly held its position over months of poor market sentiment, the metal has been hit hard.

Over the few weeks, the market price of molybdenum oxide has fallen by a whopping 30 per cent. Last week, the metal was trading in the range of US$16 to $18 per pound; at this price range moly is at the lowest level it has seen since the second quarter of 2004.

The market price of molybdenum oxide has been maintained on a comparatively high level at US$32 to US$33 per pound of Mo even while the other metals collapsed. This steep fall for molybdenum oxide is due to the offensive taken for disposals of molybdenum stocks at discounted prices. Fears that the stainless steel market would plunge are also largely responsible for the metal’s drop. Current miners involved in the molybdenum industry are finding ways to cope with the dramatic price drop. Fortunately, optimism is reigning over the market sentiment with miners claiming that fear and not fundamentals are driving the price lower.

Company news

Freeport-McMoRan Copper and Gold Inc. (NYSE:FCX) plans to cut molybdenum production due to a rapid decline in the price of the metal. Freeport will cut production by 25 per cent at its Henderson mine near Empire, Colorado, and lay off 14 per cent of the mine’s 700 full time employees as well as 150 contract workers. The company is also eyeing cutbacks in molybdenum production at the Bagdad and Sierrita mines in Arizona. Freeport earlier called off expansion plans at the two mines. Mining at Bagdad and Sierrita is as a secondary product to copper extraction, and has provided a significant revenue source for the company while copper collapsed.

Freeport also announced it is suspending work at its Climax molybdenum mine near Leadville, Colorado, which it hoped to reopen in 2010, after a $500 million investment. Climax is the largest molybdenum mine in the world and has been closed since 1995. About 450 contract employees were let go. The Phoenix miner is said to also be considering cuts in the production of copper.

Moly Mines Limited (TSX:MOL) has recently raised US$150 million in debt finance facility from Trust Company of the West. The funding facility provides financial security for Moly Mines for the next twelve months, allowing it to ride out the current global capital markets turmoil and removes any requirement for Moly Mines to need to consider further equity capital market issuances prior to full funding for the project.

Moly Mines had little asset collateral and no cash flows to obtain a low cost debt facility. For that reason, the terms of the agreement are what some analysts consider stiff. TCW negotiated and achieved an effective rate of interest of 20% on the facility as well as the grant of attached warrants that can be converted into 15 per cent of ordinary shares of Moly Mines for consideration of AUD 1,500. However, due to Moly Mines position the company had little few alternatives. The options were to raise cash that was effectively backed by no hard assets or cash flows which meant debt financing in the higher risk high yield securities market, project financing or equity financing. At estimated cash cost of production of US$9.00 per pound, future cash flows are still substantial for Moly Mines and significant for the project and for shareholders. This cost could be further reduced if the molybdenum price retraces in 2009. This appears more likely when more and more new mines like Thompson Creek Metal’s Davidson Creek molybdenum project are being shelved.

Re: Silver Tip News

The property is seasonal, so not till late next summer. A winter camp can be set up, but the cost isnt warranted at this exploration stage. Drill results would be cool

HIHO Pree Release--Silver Tip 2008 Summer and Fall Summary

Silver Tip 2008 Summer and Fall Summary

(via Thenewswire.ca)

November 17 2008 - Fred Fisher, President of Hi Ho Silver Resources Inc. Hi Ho Silver Resources Inc. ("Hi Ho Silver" or the "Company"), is please to provide the following update and summary with respect to the Silver Tip Project (the "Silver Tip" or the "Property") located within the prolific Slocan Silver Mining Camp in south central British Columbia. The Company owns a 100% interest in the Property with no underlying royalties or agreements.

Prior to the acquisition of the Silver Tip Project by the Company in October 2006, the Property was relatively under explored. Since Hi Ho has acquired the Property, it has completed two phases of exploration utilizing modern, systematic exploration methods to advance the Property. A Phase I completed in November 2007 confirmed previous exploration work, successfully located five historic showings and discovered two significant additional showings (targets) located within the Property. In October 2008, the Company completed a Phase II program to follow up the results of the Phase I program and to further advance the Project.

Phase II Exploration Program (Summer 2008)

The recently completed Phase II exploration program, carried out between July and October, 2008, consisted of constructing new (and rehabilitating historical) access trails, rehabilitation of underground workings, surface and underground geological mapping, rock and soil sampling. During that period, approximately 7,000 meters of access trails were completed/rehabilitated, 100 rock samples and approximately 2,000 soil samples were collected.

The company had expected to conduct several shallow drill holes but the onslaught of an early winter along with James Thom's recommendation that drilling be conducted after these samples have been processed in order to properly drill the best targets made it prudent to conduct drilling next season. The camp and the targets/adits were tarped and winterized for easy access next year.

The program was devised and carried out by James Thom, M.Sc., and Duncan Bain M.Sc. Results of the program are pending and will be announced when analytical results have been received and analyzed.

The Property

The Silver Tip Project is located in south central British Columbia within the historic Slocan Silver Camp that has produced more than 75,000,000 ounces of silver between 1892 - 1993. Hi Ho's Silver Tip exploration model involves utilizing modern exploration techniques to target new deposits in host rocks that are receptive to silver mineralization associated with massive sulphides, veins, breccias, structural breaks, stockworks and intrusive sedimentary contacts.

When the Company acquired the Silver Tip Project in October 2006, the Property consisted of 900 hectares (9 km2.) Since that time, Hi Ho has conducted an aggressive, regional wide acquisition strategy to secure a significant/strategic land/claim package within this historic silver camp. With the addition of the Silver Patch claims (1,475ha) and the Silver Lode claims (10,864ha) as well as acquiring other claims by staking, Hi Ho has increased its holdings to approximately 13,400 hectares (134 km2.) With this large land holding package the company may look to joint venture some of its claim groups over the winter season.

The technical information contained in this news release has been verified by Duncan Bain, P.Geo., M.Sc., a Canadian geologist who is a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Properties.

Signed,

Hi Ho Silver Resources Inc

"Fred Fisher"

Fred Fisher

President & CEO

For more information contact

Fred Fisher, President/CEO and/or Isabel Alves and Paul Venning, Investor Relations

Tel: (905) 602 4653 and Email: info@hhsr.ca or visit the Company's Website at: www.hhsr.ca.

All prospective and current shareholders of Hi Ho Silver Resources are invited to join the company's official investment forum exclusively at http://www.pinnacledigest.com/company/hiho:ca. The forum allows for investor controlled discussion with progressive feedback from other shareholders and investors. Third party reports on the company are also available at www.PinnacleDigest.com.

The CNQ Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this document.

Re: GCFF Conference in Markham, Ontario Sat Oct 18th

Hello Edminnema, You speak constantly about the great possibilities and prospects of HIHo. Why do not you talk about the present? Why is the homepage of HiHo not updated the link House floor is old and confused. Why did the trade interests in Canada greatly diminished? And please give me for this question --