thanks for the update, it's more a gold play than a silver play with 2/3rd revenue from Au. The silver margin doesn't double when silver goes to $40 due to royalties/taxes, etc. It certainly goes up, but not as much you think. But thanks to Coeur, I got a great deal when they bought Palmarejo out at a top price. The real money in silver is made in the explorers, selling to the majors, not buying the majors.
Thank you for letting me know. I didn't think of that. Then, AISC might also go up from increased share-based compensation...
Congratulations on your win with Palmajero, Coeur certainly likes to pay very full prices for their acquisitions. In terms of explorers/developers, I like AbraSilver. What do you think of them? :)
thanks for the update, it's more a gold play than a silver play with 2/3rd revenue from Au. The silver margin doesn't double when silver goes to $40 due to royalties/taxes, etc. It certainly goes up, but not as much you think. But thanks to Coeur, I got a great deal when they bought Palmarejo out at a top price. The real money in silver is made in the explorers, selling to the majors, not buying the majors.
Thank you for letting me know. I didn't think of that. Then, AISC might also go up from increased share-based compensation...
Congratulations on your win with Palmajero, Coeur certainly likes to pay very full prices for their acquisitions. In terms of explorers/developers, I like AbraSilver. What do you think of them? :)