RE:RE:TAHOE REVISES 2017 GUIDANCEThe one thing I noticed about this management team is that their estimates are not just conservative but I would add "Ultra" to it....
When Escobal does start up again they are using a $0.90 lead and zinc rate for their off sets to silver production....
Zinc is currently at $1.42 and lead at $1.13 a pound ...
In August they estimated that the carrying cost for Escobal would be $5M in July ($2M thereafter) it happens to be the estimated cash flow they would get in the price differential between June and July silver rates from the production from the second quarter of 2017.
(Side note --> the additional cost were from the company continuing to pay their employee’s even though the mine was not operating, Is that not Canadian eh...)