Shoshone Silver/Gold Mining Co., Inc. (fka SHSH)

[User-65225]

I did ask how they will fund this next 6-8 months with the only revenue being one more batch of silver concentrate.

Their burn rate is very low. They only burned $184,246 ($61,500 per month) last quarter... Their 9 month burn rate is $594,885 ($66,098 per month).

They currently have $352,308 in cash and $852,276 in total receivables (they sold a property)

Their cash position (not including receivables) will allow them to survive about 6 months if it remains the same... but this will more than likely increase at some point when they ramp up.

Keep in mind that they have done tremendous things with very little. They have proven to be responsible and able to stretch their $$$... Also, they have not cashed in their silver concentrates they've been accumulating and prices are at 30 year highs now. This will add $$$, how much i have no clue

Then theres also the possibility of a JV payment for some of their properties, as you mentioned... but no guarantees.

All in all, they are in a great position with a low O/S and at the production stage. A little dilution to really get the wheels turning would not be detrimental at this stage IMO. They have proven that they will use it wisely/responsibly and improve the company.

With a market cap under $12,000,000 currently, this is a very good gamble IMO. Not many miners at this stage trade for this low

They will not be operating either mill until spring/summer or when ever the snow leaves the 6,000 foot level.

Are you sure about this?! They are set up to operate the Lakeview district though Winter and with Silver prices at 30 year highs, they possibly can operate it profitably. Everything looks to be indoors and they even have living quarters, a well, etc on the property.

Feel free to give more input, i dont see this as a "pizzin match".. You were the one who jumped on me, remember?