NYSEAM:SVLC - Post by User
Post by
3baron Aug 17, 2010 8:54pm
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Post# 17359396
20 % only on first pit
20 % only on first pitThe mine is expected to go underground aroud 3 - 5 th year . The 20 % is not included in that or in any other pits or zones that may be mined close by .
This maybe not as well understood but the distinction is important . How many oz sold at 350 may not be as much as it looks at first . Then as they ramp up over 100 thous oz the free cash flow will be over 1$/share .