TSXV:AUN.H - Post by User
Comment by
art27on Jan 05, 2009 6:25am
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Post# 15681760
RE: RE: RE: RE: Confused about Shafter starting da
RE: RE: RE: RE: Confused about Shafter starting da"2) pumpers have been using a 4 year old scoping study to pretend thatthe Texas mine will be profitable at current silver prices. Sure theprice of silver has gone up. But costs have gone up just as much."
Please explain, how could costs have gone up in a deflationary market ? Throughout 2008 costs have been going down not up. The running cost of their La Negra mine has decreased from $45 per ton to $35 per ton and now with all the adjustments they have done it may actually be below $35.
As to Shafter startup costs they have a few options: selling Rosario + silver stream deal with SLW, or maybe financing but it wouldn't make much sense at $0.13
Think about it, would somebody hand you over $25mil. and let you go bankrupt ? LOL
I don't think silver will last much longer at $11. The inflation in a year or so will push it well past $20 IMO - just in time for Shafter startup.
AUN at $0.13 with a market cap below $15mil, 3 mines, 70mil of silver reserves, SSO and SLW backing us up ? What else did I miss ? At $0.13, if silver returns to $15, they start the Shafter, this will be at least a 10 bagger
Art27