No shot they leave it in the ground at $25 USD. SVL listed an AISC of $13 USD an ounce. Even increasing that to $15 they are making $10 USD an ounce which is margin enough. A lot of the people here are massive silver bulls but just because people may want their silver thesis of big breakouts to come true does not stop SVL begining to make profit. The Zinc and Lead are also well and truly money makers on this project as well at current prices.
The last time silver was above $20 USD an ounce was 2010-2013 which is 3 years. This has a mine life 16.5 years not including underground, even if they wait and wait there is no garuntee higher prices are here to stay. So I see no reason the company cant start production ASAP once approvals arrive. If mines only pulled resources out the ground at a 100% margin+ the world would have no resources at all!
No shot they leave it in the ground at $25 USD. SVL listed an...
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Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.0¢ | $559.5K | 3.600M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 65 | 2920449 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 309236 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |