The silver grades in a bubble as a stand alone operation not good.
$83 million to produce 9.5Moz at c1 cost of $16/oz, all in costs on the low side usually 30% of C1, so maybe $21 all in thats on the low side, current silver price is $23, invest $83 million to make $19 million over 4 years in a best case scenario, no way no how not even in the ball park.
I think ARD are headed in the right direction poly metallic is how they will see production, if they have this much silver good chance they have alot of copper/gold down there as well.
It's just the way it goes ARD and IVR both probably going to start as silver projects and end as silver/gold/copper/zinc/lead projects, they just start as silver because it's closest to surface and easiest to find.
ARD Price at posting:
3.6¢ Sentiment: None Disclosure: Not Held
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