RE:RE:RE:I’ll make G an offer
You are right, there is no final product meaning silver bars has never been processed at the mine and the reason is there is no smelter. All they can do is a 300 oz per ton concentrate. I guess you would not be happy with that.
The initial business model of G was to deliver the final high grade silver bars. This did not happen because, if I have this right, the companies that would have done the smeltering charged too much in the range of 20-25% and G thought that this was not worth it. But note that the business model has changed and the final product is now the high grade concentrate. It remains to be seen what price they will get for the concentrate. But there seems to be a premium for physical silver and not paper silver. It is still a gamble but why not wait for the final release of the off take agreement?