Friday, December 05, 2008 4:35:13 PM
SLW's typical MO is to put down @ $15 million cash up front in exchange for first rights to all future silver production, they typically offer around $4/oz or so, their break-even point at that price is right around $8 spot, iirc.
Disclosure: long in both sides of the above scenario, and hoping someone from GSPG is reading this
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