Best next development?, page-22

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slipperymack

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14/12/24

18:32

Post #: 77051360
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Originally posted by slipperymack: ↑

Thanks calmbeforestorm,

I appreciate your reply. Indeed it seems they have had problems with the Rochester mine in the past, but according to the last quarterly, they do seem positive about it's future:

"Rochester continues to gather steam during the second half and remains on-track to deliver a step-change in production and
cash flow during the remainder of the year and be well-positioned to deliver a record breaking 2025."

My main point in comparing Rochester and Maverick Springs is not so much the geology, but the formation of the mineralised zones. Rochester has most of its mineralisation in hanging wall faults and cross faults, whereas Maverick Springs is mostly in a long, wide, thick and seemingly consistent tabular formation. Possibly, also, many near surface reaching fault veins or splays, which may be identified with cross-drilling techniques as the deposit is drilled out. If you believe the market cap is low at the moment, it is most likely because the deposit is only in the measured category. It will also be larger with a higher head grade, with higher metals prices??

I think the value of the minerals at Maverick will continue to rise, particularly silver to over $40 an ounce next year and beyond. Based on continued tariffs on Chinese solar, a presidential claim to reduce US energy costs, and increased local US manufacturing efforts, they have a good chance at the silver paste tax credit.

Capex...yes...that is the $64 question. I can't find anywhere a scenario they have planned for this. Is a merger likely, i.e. Couer if Rochester does liven up next year and silver prices climb. They can't dilute to get the full capex.
Is it possible to part pit the deposit and generate early cashflow to complete full pit and pit production (then use capital to proceed to underground stages??).

I think the market cap is probably reasonable at the moment until resource confidence is drilled out. Some idea of capex plans would be great. But I don't think $20 billion of silver and gold and antimony will be left in the ground as these minerals become scarce.

Cheers
Slipperymack

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Obviously that was meant to be "inferred" category of resource classification, not measured. A lot more drilling to get to measured..

SS1 Price at posting: 70.5¢ Sentiment: Buy Disclosure: Held
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Last 74.5¢		Change -0.040(5.10%)		Mkt cap ! $74.93M

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