Our New AISC is amazing. Can't believe we got it down to $13 area.
"US$13.51/oz of silver (including direct operating costs, sustaining capital, the Silver Wheaton stream, corporate general and administrative and ongoing surface exploration costs), and AISC over the first full three (3) years of production to be US$12.18/oz of silver."
We were above $20 when we were in operation before..
So 2017 looks like we be increasing some indicated with more drilling at Bermingham. And getting the Mines prepped//
The re-worked Silver Wheaton Agreement is great news... Except we gave them 3million shares.
Plus we need 27 million to hit the re-start button in 2018..
Payable back within first year.. But still gonna need to borrow it somehow.
"Payable production is anticipated to be a total of approximately 25.1 M ounces of silver, 77.3 M pounds ("lbs") of zinc, 67 M lbs of lead and 4,870 ounces of Au over an eight (8) year mine life. Average annualized payable silver production is 3.5 M ounces per year, with the initial three years of annualized payable silver production averaging 4.1 M ounces per year."
SO.. A year of minor dilution.. Expanding resources.. And the opportunity to buy low and sell high. Should be fun how this trades against moving silver price for the next few months.
I expect that it will continue to be connected to silver price throughout. But only time will tell... GLTA
