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Silver Standard Resources Inc SSRI

"SSR Mining Inc is a Vancouver-based mining company focused on the operation, development, exploration and acquisition of precious metal projects."


NDAQ:SSRI - Post by User

Comment by seanyboyon Oct 06, 2013 10:36pm
79 Views
Post# 21795312

RE:Markets sometimes do not make sense

RE:Markets sometimes do not make senseThe share price doesn't seem so crazy to me - the main producing asset is marginally economic at these silver prices, and have a look at end note 4 buried at the back of the last presentation: PITARRILLANPV/ IRR: Net present value and internal rate of return assume a base case silver price of $30 per oz (Yr-3toYr-2), $27.50 (Yr-1toYr2) and $25 thereafter. Downside and spot price cases assume stated price in all years. Who is going to partner to build a mine that needs $30 silver to meet the basic IRR? I would only buy SSO with the idea that its assets are valuable with silver at more like $35-$40, and they have enough cash for the wait... who knows how long.
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