Grades shouldnt be the issue in my opinion.
CCU now has 57M oz of silver. The cost to produce is $6/oz.
Silver price atm is around $20/oz.
For every oz CCU produces they will get $14.
57000000 x 14 means that the project is worth $800M. Of course you need to deduct capital, royalties, taxes etc...
But its still a very very profitable project!And the shareholders are the ones that will eventually profit.
The current share price is very very low IMO.
Yes people may be scared that the price is dropping, but hold on for another 6 mths at least, and you will definately reap the rewards.
Go CCU!!!
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