Silver + lead, page-21

I'm not sure where you arrived at the conclusion that I insinuated that IVR is more profitable than BML because I cannot find any such statement and the spreadsheet I provided says otherwise.

I did however state that silver companies with a higher amount of silver as a percentage of its silver equivalent resource would have the highest increase in revenue on a rising silver price. I possibly provided too much information on the spreadsheet, so I have reduced the information. The simplest way to show what I was trying to point out is to look at the last line (in green) of each spreadsheet. The first spreadsheet shows this mornings closing metal prices at the close of US markets.

You have selected IVR as a comparison. Looking at the first spreadsheet you should be able to recognise that BML with a metal value per MRE ton at 5.9 silver equivalent ounces clearly would be more profitable than IVR with 3.7oz unless there was major grade/metallurgical issues with its project.

Now if we look at the second spreadsheet using the future pricing I alluded to, you can also determine that IVR as a result of silver outperforming all other metals has closed the gap between the two companies from value per MRE ton from 2.2oz down to 1.3oz. The difference between the first two spreadsheets is what was in the table I posted in my original post and I have reposted that table at the bottom of this post.

It is a crude measure, but the original post clearly stated an increase in revenue. I am totally aware of predominately silver resource projects ending in tears. Been there and done that! The companies that own these projects would be a trade only with tight stops. Two widow makers out there are Texas and Cobar. Any company owning those projects I tend to steer well away from.