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Santa, I want $14 silver for Christmas!
If this pattern holds. We should see $80 dollar silver by 2016, before the price plummets.
2013: A silver market in review
I still am here... I think I am just curious
Probably should of held of buying until you saw the Q2 fin report. I'm expecting it to be ugly.
Silver Supply Shock for the United States on the Horizon?
cheapest= Goldmart
Best= Scottsdale
Also, feel free to check out my most recent video on US silver supply. The US has never been so vulnerable to a supply shock as this year.
It costs energy to pull oil out of the ground. Oil has a direct correlation with mining costs which in return effects silver price.
Thank you!
First those are "tree squirrels" and second they are past any sort of sibling aggression stage (which occurs from food competitiveness and occurs at a young age).
Lesson from the squirrels...
This is what happens during a high yield food year:
Production costs went up 675% over the last 10 years. A 675% move from here would be 180-200 dollars an ounce in 10 years. I think we will be there in 6 or 7 years.
Go to TF metals report. Those folks know their metals very well. IHUB is full of really bad (faithful) investors.
Streaming is like the new, cool way to mine. You don't like have to touch any dirt!
That was a rhetorical question. The answer is YOU CAN'T.
The reality is you will see miners losing 2-10 dollars an ounce next quarter.
Mining costs are in the profitability.
I know what the costs of silver mining are. When the Q2 reports come out please find a single miner with a significant profit. 10 dollars and ounce profit at least. Actually find a single miner LAST Quarter with a 10 dollar an ounce profit. At 30 dollars spot they should be making insane profits.
I don't think you got that at all right...
The costs of mining are customarily divided into cash and total costs. The cash costs are the regular working costs of the mine. The definition varies between companies (meaning companies can BS these numbers) and may include smelting, refining and any by-product benefit but generally excludes taxes, exploration, depreciation, depletion expenses and financing. Thus the cash costs are a benchmark only of a mine’s viability over the short term. The total costs, embracing the other items, reflect what a mine must achieve to sustain profitability over a long period and to ensure shareholders a dividend. Worldwide the average cash costs per ounce were $176 and total costs $228 in 2001. The gold mining industry is adopting a standard definition of costs drawn up by The Gold Institute.
http://info.goldavenue.com/info_site/in_glos/in_glos_productioncosts.html
Let's hope silver rebounds soon so this company can do well!
Here is the estimated per ounce cost for Q1 2013
(Total mined ounces (598,139) * Realized silver price ($30.32))=Total Revenue from silver ($18,135,574)
(Total Revenue from silver ($18,135,574) / 1st Quarter revenue ($22,900,000)) = % revenue from silver (79.19%)
Net loss (-$3,400,000) * % revenue from silver (79.19%) = Loss from silver (-$2,692,618.05)
Loss from silver (-$2,692,618.05) / Total mined ounces (598,139) = Loss per ounce of silver (-$4.50)
Realized silver price ($30.32) - Loss per ounce of silver (-$4.50) = "Break-even silver price" or "cost per ounce" of $34.82
US Silver is looking at a loss of about 10 dollars per ounce with quarter 2 losses between 6 and 7 million assuming a realized silver price of about $25 per ounce.
Companies will claim a certain cash cost (production cost) and often its pretty low. The super cheap ones are usually rubbish, but the higher ones are more accurate. The reason I can tell is their profitability per ounce is a lot closer than the difference of the production costs. I think different companies calculate it in different ways.
The important number to look at is the "Total Costs" of silver which the companies don't give you. This includes every costs the company has in order to take that ounce out of the ground and sell it.
That is what I calculated. I analyzed their profitability against a certain silver price to obtain a more realistic per ounce cost. The formula and data is attached to the video which I also linked.
You need to learn the difference between "cash costs" and "total costs" and you will learn that the first cost is irrelevant.
Pay attention to the profitability of that company in this next quarter. When they take a massive loss, reconsider this chart.
Also, watch out for the false download link if you care to download my excel file.
First, your writing is coming off a bit rude.
Second, I wrote earlier that I calculated the data and where you could access my data. For your viewing pleasure I post it here.
http://www.2shared.com/document/ekBAFmgh/Silverbreakeven.html
Third, the data goes through 2012. I did not include 1st quarter 2013.
Fourth, It's $36.99 for 2012. It's an estimated cost, but it's pretty close. This number is the break-even price of silver in order for the mine to function. If you were to remove the acquisition fees the break even price would be $32.27 per ounce, but the expense was there so I still counted it.
The next response from you I hope will be a little more respectful. The reason I posted it here was to help folks analyze their investments as well as a little self-promotion. I wish you the best with your USGIF holdings.
It's my youtube
I'm the author
My graph. Try and calculate mining costs without company financials published? Use your imagination.
I spent a lot of time digging through the financial statements of those companies and I posted the excel file on the youtube channel for your analyzing and statistical pleasures.
Not attacking US Silver, just sharing my data of what I found.
Thanks for your interest
I'm not sure why I still visit this site.
you have 734,376 red cents.
this is the most incompetent company ever. I will stick with commodities.
Peakbook
link
Sinking facebook stock means less state revenue
really? A reverse split w/o news?
so there is a PIHN (scam) board now and what's up with the ticker change?
Very good point
I sent that MaxIsNow character an email inquiring about this website. Not expecting a response, but will let you all know if I get one.
http://staffis.co.jp/home/?m=201111
I agree Micro. Kuni has done a magnificent job at not giving us the greater picture here. I can't figure out this story after 2 years of watching and waiting .I'm still on the edge about the intentions of Kuni and this company, but one thing is for sure. Without completed acquisition news on Monday... we are screwed.
Yay! We got a PR!
Here is an interesting new development. Why is this software engineer who works for this http://www.shopigniter.com/ developing a new Staff IS website? And why is he doing such a Sh*tty job?
Maybe Staff IS needs a consultant on how to deliver fir trees by bicycle. Cutting back on gas expenses? Should we expect a change in the company name... "Computer networking by bike?"