RE:Gold and Silver have to be "Harnessed" at all costs...If you back to late May silver was barely over $14. Then it went on a run and, in early September was close to cracking $20. Now it has fallen back a little. I am hoping we close out the month at around $17 because that is a base from which $20 can be attacked and breached.
The antics in the money markets, the looniness of politics in the UK, US and Canada, rumours of war and all the rest of the externalities thought to influence the price of silver will just keep going.
For BHS there are really only two questions: when does production start and what are the all in cash costs of a production ounce of silver from the Bayhorse mine? Production should start any day now with the commissioning of the equipment. The costs per ounce will not be reliably known until several thousand, even 10,000 ounces have been produced. Even then there will be changes and tweaks needed to fully optimize the mine and processing facility.
What we do know now is that the all in cash costs will not likely be more than $10 an ounce which would make the mine profitable with silver prices of $11.00 and up. Which as shareholders of BHS is what we are looking for. Profitable production.
Now, if silver goes to $60....