RE:RE:RE:RE:RE:????I like that it seems that the payback period is expected to be low (~year according to their COO if I recall), so it could be scalable and I think I remember Keith saying that they are considering offering their minting services (and roasters at Jerritt) to other producers. That's a great way to make lemonade from lemons in my view, considering how silver continues to be stuck in a range and when it finally does start to move, First Majestic will only be that much stronger. GLTA
Stratocheif wrote: Agree. The mint is a good idea. Can't believe what people are still paying for physical silver. Spot price is 22.5 but to buy a silver ounce coin you gotta pay around 30 for it.
So the mint will bring in extra money depending on how much they can sell. If they don't sell a lot, the costs of building and operating the mint will not be covered so it could go either way.
But unfortunately, desperate times call for desperate action.