GSVR Debt - Here Are The Facts Debt likely paid off by the end of the year. Silver doing fine. Still above 20 dollars. Could slip to 19, but not for long. FED is a big factor here. But rate hikes will be small moving forward. And a long pause is expected.
This is where silver, gold, copper and lithium will find upside. Be patient. I am invested in all 4. I expect silver to trade between 25 and 30 dollars once we see a rate hike pause this year
Debt Is Manageable. GSVR Is Paying It
From CEO boards... on At the end of sept, 2022 there was $13 million in outstanding loans, and there would be another $2 million contingency payment due to GPR if GSVR produces over 2.5 million oz from the GPR assets as well as silver spot price exceeding targets of $27.50 and $30. So, total outstanding loans and contingency payments amount to about $15 million. Obviously production annual total expenses will go up along with a doubling of production, but it is possible the company could be debt free by end of 2023 (not just pay down debt, eliminate debt) 