Replies to post #4008 on Americas Silver Corp fka USAPF

[Montanore]

It's good news in that they remain 80 percent unhedged and have guaranteed income. Maybe this will put to rest any fears of dilution, too. But for those of us who believe silver is going higher...MUCH higher...well.

I think it's around $15+ ounce silver that US Silver becomes profitable. They have a fairly high cost that they are lowering. As silver prices rise, that becomes less relevant. When silver is at $100 an ounce, Auramet Trading LLC will be getting a big bargain here.