Not to mention the tax benefits from taking up a loan plus no need of share dilution from capital raising.
No mention of hedging on one price for 3 years straight... Could mean hedge 30% POS for 28$ first year. After that if silver hits 50$ then at 42$ hedge? (just imo)
end of the day... just remember this.. CCU is the closest to production compared to svl and ard. It is the one which can take advantage of silver prices the soonest.
Ann: Debt Finance , page-52
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