TSXV:GSVR - Post Discussion
Post by
ErinBrockovich on Jul 18, 2022 7:48am
From CEO…
@Tdubbs Since a portion of our production is from Gold, that should help us more than a strictly silver producer. Plus, Topia will help balance things out until prices revert IMHO. @lexcon The portion of production that is used to cover the loans (payment in concentrate, not USD) has a fixed value per oz that was established at the time the first draw on the loan occurred. It makes no difference if paper spot price moves up or down, there is a fix price per oz credited to the loan payment. As long as the rest of the production is sufficient to cover cash costs for overhead and exploration (pay the bills), which it should be according to James, then GSVR will be fine.
@lexcon The portion of production that is used to cover the loans (payment in concentrate, not USD) has a fixed value per oz that was established at the time the first draw on the loan occurred. It makes no difference if paper spot price moves up or down, there is a fix price per oz credited to the loan payment. As long as the rest of the production is sufficient to cover cash costs for overhead and exploration (pay the bills), which it should be according to James, then GSVR will be fine.
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