Well for any holders with an attention span of longer than say a week then I have to say the consolidation at this SP is very good. Plenty of folks panicking about the price of silver but once again we need to remind ourselves that CCU will be in production by years end.....
Silver=$27.50 an ounce. Cash costs around= $10 an ounce Annual production= 2,400,000 ounces.
Annual Rev= $66M Profit=$42M MC=$90M
Lets not forget the likely probability that there will be an increase in both resources and reserves. This will add to an already impressive inventory.
We can also expect to hear about debt financing in the near future.Not sure if they will hedge some of the sales but if they do then we can be rest assured that at the current silver price we have attractive profits. If Management are stressing out about the price of silver like some on here,which I am sure they are not,then hedging some of these future sales is an option.
Ok not instant gratification but look at the chart over the past few Months.Very nice......and a lot more to come IMO.
CCU Price at posting:
59.2¢ Sentiment: LT Buy Disclosure: Held
