Re NewsAs per the NR: ‘This sampling will assist in selectively mining the higher grade zones’ …ie: from 2.8 oz/T to 29 oz/T. At $20 silver that’s $56/T to $580/T; at $30 its $84/T to $870/T … well, we get it. BHS has already stated it has high grade silver (90 0z/t to 186 oz/t) in the ground ready to process. At $20 silver that is $1800 to $3720 … yikes!
To repeat: “First Majestic Silver average grade was about 5 oz/T. That is considered high grade today … but it is about 18 to 37 times lower than the grades of BHS silver/T !
Only around 30% of annual supply comes from primary silver mines while more than a third is produced at lead/zinc operations and a further 20% from copper mines. Only six of the top 20 producers are primary silver miners.
For example, Alexco resources in the Yukon produces, silver at an average of 41 ounces/T in one of the highest grade silver projects in the world.