"if they can't get those costs down substantially it will be a pretty risky investment as it requires the price of silver to remain quite high, pretty much above $30."
Silver will remain above $30 forever IMO... Averaging more like $50 this year alone... Higher costs will be balanced out by the rising silver price...
olington- In the presentation in November, they have stated that they have sufficient capital for the 2012 program...
" Cash reserves and projected cash from option exercise
? sufficient for 2012 budget"
With the resource estimate coming out any day now, SVL looks remarkably cheap considering the future prospects of silver... Perhaps in the short term investors are switching to CCU because they are almost in production and SVL is still a while off...
what a joke, page-9
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.5¢ | 16.5¢ | $496.7K | 2.951M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38364 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 615122 | 7 |
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| SVL (ASX) Chart |