SilverCrest Mines Inc SVLC

RE:RE:RE:RE:RE:RE:10 mil more in the kitty

[mjh9413]

Black364 you obviously don't appreciate then irony of the Sandstorm deal which lead to this option as well as the call on the original $20MM advance...Sandstorm made it a pre-condition of their agreement that SVL get other financing for the mine development before they would advance the first $20MM, which SVL did in an equity issue. Now while the equity deal may have recognised somewhat the potential Sandstorm agreement it really  MAKES ABSOLUTE NONSENSE OF ENTERING INTO THE SANDSTORM DEAL IN THE FIRST PLACE AT SUCH DISADVANTAGED SPOT GOLD PRICES ON SUCH A CHUNK OF PRODN given the size of that equity issue and that other financing was potentially available on better terms.
The IR team at SVL, and they referenced management when replying to me, did not even KNOW the deal was for LOM let alone recognise the awful deal in the original agreement that would ensue with this option.
Sandstorm is a leech and their rates of return are usurious, infinite indeed for as long as this mine is producing. My figures showed that they earned over 60% return by year 3 based on the manner Sandstorm dealt with the advance and receipts in their financials. should we feel pleased they are increasing the price after 50k ozs. NO WAY. AN ALTOGETHER DISGUSTING DEAL.