NYSEAM:SVLC - Post by User
Comment by
fullofsteamon Mar 12, 2015 9:23am
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Post# 23512917
RE: Why Miners With Positive Cash Flow Deserve Your
RE: Why Miners With Positive Cash Flow Deserve YourScott, agree with what you say. The problem Silvercrest and all other miners are having is the controlled price of the metals. You can run the best company in the world, but the product you are selling has no value, big deal. Until silver and gold are released from their bondage, Silvercrest is at their mercy, along with the others.
I believe this is why the price hasn't dropped significantly. It is a good mine cashflow positive. So, even though the price is going down, it is higher than their cost and so, still is cashflow positive. But they can't pay dividends if their profit is marginal. They need to continue with development too.
JMHO