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Re: the cork post# 31390

Tuesday, 08/12/2014 8:22:19 PM

Tuesday, August 12, 2014 8:22:19 PM

Post# of 35778
USA.TO/USSIF Q2 out

Not a barn burner but I saw their balance sheet from FS on Stockwatch and it is flat from December 31 with about 7M in cash, 15M of working capital and only 5M LT debt. They also decreased cash costs to $12.30 and had drilling success for higher grade ore in Q3.

http://finance.yahoo.com/news/u-silver-gold-reports-second-215100652.html

Sounds like Q3 should look better per below in PR

In addition, a shipment of silver-copper concentrate produced during the quarter did not arrived at the smelter until early July, and was therefore unsold at the end of Q2, 2014.

Not crazy at all about management but there is a turn around in progress and should do well if you can buy at $.50 and silver goes to $25 in 2014 but I wouldn't bet the horse on the company.
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