how is it $45M EBIT per annum. Revenue is not EBIT. Are they producing the silver for zero cost cos i dont see any DFS which proves what the AISC is.
With only marginal lead credits and low silver grades, this is a marginal silver producer - last quartile at best. Thats around $20 AISC, close to the current price, and only a 3-4m EBIT, not enough to cover their working capital.
This would need silver to over $50 to get $45 m ebit, and frankly i dont see silver hitting $50 permanently(last time it crashed from there) but i could be wrong.
This stock is pure hype.
GOLD/SILVER PRODUCER --HUGE upside Vs low CAP, page-76
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