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SILVER WHEATON CORP. T.SLW

"Silver Wheaton is a pure, unhedged paper proxy on silver prices with a unique business model. The company purchases silver for sale through long-term purchase contracts from counterparties. Currently, the company has long-term silver purchase contracts with more than a dozen mines. Silver Wheaton purchased and sold roughly 28 million silver-equivalent ounces in 2012 through its purchase sales contracts."


TSX:SLW - Post by User

Bullboard Posts
Comment by gildageon Nov 05, 2012 1:38pm
381 Views
Post# 20563672

RE: 2.0 million OZ extra unsold

RE: 2.0 million OZ extra unsold

It's crazy that Accounting principles can't count 2 million oz of silver as MONEY!

When U sell the 2 million oz at $31 per ounce, U make $62 million MORE!!!.

When U add that into revenues for Q3, U wind up with $220 million for Q3, which is $37 million ABOVE last year, and a 20% year over year INCREASE!!!, (NOT a 14% decrease!!!)

That's just my back of envelope math though...

gildage

Bullboard Posts