RE:RE:RE:Share count now at 85,423,055? AND GUYS you keep forgetting.. there is good financings and then there is bad dilution....
This is good.. you have brought in good money here. Eric sprott will not be selling his shares for 10-20% gain. he is looking out longer term as he sees the potential in these assets with such low costs and high margins once the gold/silver prices really ramp up.
At 1420+ gold the margin at relief canyon is over $500 an ounce.. that is 11.25 Mill for 20K ounces per quarter... hopefully silver continues to go higher .. san rafael is already a cash cow but galena is where money is being lost.. need consistently higher than 17+ silver to be profitable with current mines ..
but relief will be a big cash cow for USA starting Q1 2020..
furthermore, now we have Zone 120 and San Felipe as development projects... the 10 million raise has not been for NOTHING. it adds immediate value with a project from an excellent investor in mining industry... BIG difference to doing a PP with warrants....
hopefully this makes sense and firecracker gets it now...