Ann: Operations Update, page-7

....If it's costing a lot more to produce than to sell it means the 'option' on silver prices is not 25 years, and will depend the size of their debt facility.... If losing $2 per ounce produced, and it produces 2M ounces a year, that's $4m lost, a third of market cap every year... If it's breaking even or making a profit, it will turn the company into an expiry-less option and I'll be more willing to allocate a bigger percentage of my funds...