RE:RE:Strong finish this weekStratocheif wrote: I'm wondering how to apply the lassonde curve to this one. Made a lot of money since I bought last fall and a good chance it may indeed hit 13 or 14 by the time they are producing. Question is...will the sp start to decline after production? If his AISC is really only about $900, the prospects look good even after commercial production for this to keep climbing. But then again a 3x of your money is good. Maybe take half off the table when production starts. Any comments?
I've been taking profits on the way up. It was such an obvious buy several months ago that I was overweight on this stock.
I'm waiting for the update on whether or not phase 2 will be accelerated. This is likely to be accompanied by an updated RE and/or FS that will include the deeper deposit that was previously excluded at the time of using $1,400 gold. They have all the drill results from years ago, it's just a paper excercise to recalculate it all. Should be positive for the share price.
I'd like to get in to more silver developers if anyone has any suggestions.