RE:RE:RE:RE:I GET NERVOUS Q&A...To and from Graeme...
Q; Just curious, as to when Bayhorse silver will get paid for its concentrate?
Will it be on a per shipment basis (monthly) or when all of it is contractually
agreed concentrate is sent at end of year? Has there been any advanced payment?
A; "Typically a partial payment is made when the shipment is loaded onboard the ship, with a final payment after arrival and upon assay to ensure the assays agree"
Q; " If there is a 7oz cut-off per ton and that is considered waste material. Is it being stored for future reclamation of remaining silver should the silver price hit higher prices?"
A; "Practically, the rejects from the sorter are running about 1/2 to 1 oz Ag
When mining, one mines in on the high grade, and if practical, backs out on the low grade, taking as much as economically possible. Good miners don't like leaving anything behind