NYSEAM:SVLC - Post by User
Comment by
KevinF2848on Aug 24, 2012 9:06am
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Post# 20255834
RE: RE: Comex Silver is up 91 cents, and
RE: RE: Comex Silver is up 91 cents, and Eunice,
That depends. This is fom the last quarterly statement:
' Silver sales were 124,739 ounces (2011 – 70,326) at an average realized price of $29 (2011 - $39). '
We are already half way through the quarter and the prices just now have edged over $30. We do not know when they sell the product, if they try to time their sales or if they sell on a regular basis. What we do know is that management knows that the metals prices are getting better, that was stated in the last radio interview, they could try to time sales for later in the quarter, and they have enough cash on hand to do so. We also know that they are going into an area of the mine with better ore. Note what prices we earned last year for quarter 2, they were $39/oz.