SILVER 0.30% $15.25 silver futures

best silver exposures, page-13

  1. 10,404 Posts.
    shabi, they will be an income stream later this year I see: funding in place there seems some reasonable upside to cvr.

    I can understand market reluctance though with the mining location, cost per oz and ore grade. The ore grade isn't exciting at all.

    Also I couldn't find where the loan originated from nor the repayment criteria. If they're going to fund the development of the Altynas mine from Dalabai cash flow, there doesn't seem much leeway for cost blowouts. Actually Altynas seems marginal at best.

    There are better prospects out there hence the lack of interest. Your share price might just get a further mauling before production.

    However once that second mine is producing cvr might look a much better proposition.

    imho
 
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