RE:cost of productionSBM has not disclosed their estimates for the cost of production for Buckeye or the rate per ton they are paying for the Washington Mine. At Buckeye, they are mining a large, long silver rich vein. Let's assume 20 ounce per ton silver only and 100 tons per day throughput. That would yield 2000 ounces per day. The 20 ounce per ton might not seem like much but it is very good. I'd guess $10/ounce costs ($20,000/ day) with a small team, refining cost etc.
The 1/3rd to 1/2 ounce per ton grades of Gold and Palladium. Let's say they recover half those grades and yield 50 ounces per day of the two metals combined in equal quanties. Average price for both is $1735 ($1650 Au and $1820 Pd). Those two metals add another $86,750 revenue per day. On a silver equivalent basis at $19.66/ounce, those two metals production would be 4400 equivalent per day silver. I should point out the Au/Pd revenue would likely represent pure profit.
Now let's put it all together. Silver is 2000 ounces and Au/Pd silver equivalent 4400 for a total of 6400 ounces per day. Use 300 operating days per year equals 1.92 million silver equivalent ounces per year.
One can discount the hell out of these figures and come up with a company several multiples in value than the present. This is why selling stock in a $7 million dollar market cap company requires a deep dive with a psychologist.