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Alias Born 01/18/2010

Tuesday, June 30, 2020 8:22:19 AM

Re: HONU post# 13004

Post# of 16961
The biggest point I took from this interview with Keith is when they were talking about getting financing. Keith said when they were trying to finance one of the silver properties they had bought and that he got a much lower rates from the banks than other companies. That got me thinking about how he might finance Springpole.

I think it's going to be very interesting as we get closer to the Springpole permitting about how Management chooses to proceed. Is Keith going to want to partner with someone else or decide to keep Springpole all to himself? I'm not sure if that question has been decided yet.

They may choose to partner with First Majestic if the silver price is much higher in the next few years and FM has a lot of cash on hand to spend. Keeping it in house.

The higher gold and silver move the more it makes sense to me for Keith to keep Springpole all to himself. It will be a big under taking, but the rewards will be much greater too.

I'm going to ask that question to someone in the Company when I talk to them next.
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