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Re: retiredyoung99 post# 17049

Friday, 03/07/2014 12:05:20 PM

Friday, March 07, 2014 12:05:20 PM

Post# of 17231
eward and retired,
Thanks for your imput. This is a waiting game now for me.
They have a pretty good idea today where the silver veins are. Refining the reserves upward on drilling results, that i have no fear of, will help get rid of the appearance to some that this mine has a short lifespan. Although I agree, this placement of warrants is most likely net possative, it has been a long time sence we have recieved a suprise blockbuster news release like "ore grades have spiked up this month, it appears we are now in a very wide very rich area of the vein". or something similar to move this beyond the phoney silver spot price stranglehold all miners are in right now.
Spot price being at or below extraction prices are putting a great deal of pressure on the mines and as Rule has said, many marginal mines won't make it. We apparently will, but nobody knows when.

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