RE:RE:RE:RE:FIRST QUARTER 2021 HIGHLIGHTS
The higher AISC is primarily a result of the 42 million USD's being spent bringing Ermitano to production.
There are 112 million USD's being spent by FR on production expansion purposes in 2021.
Total AISC for this year is projected at between $14.80 and $16 with major capital expenditures at multiple projects being undertaken.
FR are expecting 30-33 m oz Ag Eq oz with Ermtano and JC in 2022.
If the price of silver continues upward (as we have seen now for years) FR will be slaying the market with profits,adding to their $240m cash position.
The downside risk with FR is their dispute with the Mexican govt and the Mexican's stated position against FR.
Silver is not going back to $15 with commodities skyrocketing and money printing on a hyperinflationary trajectory.