Well, firecracker, I guess we''ll see...Firecracker said, "You forgot the minor detail that SST also paid $42M in cash for the Lundin silver plus the 20M shares." I forgot no such "detail." I'm not out to mislead you.
First, there was a question as to whether the $4 per oz. thingie would hold up with silver at $13; I offered that the prior two deals were in fact done with silver at these levels. Then, dilution was raised as an issue in growing the company; I noted that the prior two deals each entailed issuance of about 20mm new shares/special warrants.
Now, you've brought up that these deals required cash, as if I've been misleading the board by not stating the obvious, myself. You are a moving target of negative “what if”s!
SST will have 3mm ozs. silver production by 2009, with the existing deals in place. This means that two more deals, each a bit more 2mm ozs./yr., are needed to get to 7.5mm ozs. That's all—two more deals.
I remember you decrying the Capstone deal on this board. Well, now SST has completed BOTH the Capstone and Lundin deals, and still you are saying, “Watch out for this!” “Watch out for that!” “Be careful!” “It’s not gonna be as good in the future, as it has been!”
The Lundin deal tripled SST's existing silver stream production. Management has transformed SST in less than a year, from a barely active silver explorer to a vibrant, growing company. They know what they are doing. Why not expect them to continue to perform?
I have a final thought for you: “What if” SST’s future is BETTER than it's past?
GLTA!