Note: royalties are included in AISC, so shouldn’t be deducted from revenue. But it doesn’t change my overall conclusion on the company.
Correlation Economics: https://katchum.blogspot.com
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Nothing I say is “investment advice“ and you should do your own research before making any investment decision.
3 Comments
Thank you for another excellent analysis!
People buying silver Jr producers aren’t buying for 25 silver.. there buying for 30 dollar silver.. and there only so many silver miners that when 30 silver is achieved.. people will rush in and all will do extremely well.
And the funny thing is the you said is… almost bankrupt which is probably accurate.. will do best of all considering the millions of ounces it produces