NYSEAM:SVLC - Post by User
Comment by
warnchev1on Jan 15, 2010 8:56pm
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Post# 16686003
RE: RE: RE: RE: News Release: SilverCrest Updates
RE: RE: RE: RE: News Release: SilverCrest UpdatesIt'd be nice to see but I'm thinking it will be closer to 20 mil. From that we need to pay for exploration and perhaps the sinking of a shaft. Upgrades to infrastructure and changes to production processes in order to maximize recovery are always costly over the first couple of years. At some point management is going to build a bit of a war chest which is never a bad idea. Management would be well within their right to hand out some big boni's and salaries to key people who made us all rich(well off anyways). It doesn't really matter which path we take the end result is going to be the same. In early 2013 if we were debt free and have extended the mine life a few years I'd be very happy.
I hope your right states but we'll see
Chev