RE:RE:RE:RE:RE:RE:RE:RE:"3.7m oz gold but they think there's an elephant there"Well, that didn't take long to get back to $10. Silver's had a nice week ending at almost $34 (Dec futures). If it continues up from here, the next month could be very interesting for First Majestic with earnings coming out Nov 7. I believe Keith recently said that they used $24 or maybe $25 an ounce for all their financial assumptions and they've enjoyed higher-than-that silver prices for a while now. Giddy up ;). GLTA
Co2Harvest wrote: The problem with the last run up to $28 was that it was fake, part of that 2021 silver squeeze/meme-stock run as I recall (I was also invested then). I'm not counting on the price getting back there soon but I plan on trading out at high cycle points and getting back in at low cycle points over the next few years and that there is money to be made that way as we wait for JC to come back online. I think we could see price head towards $9.50 or $10 CAD towards end of this year (assuming silver continues upward over that time) before it heads lower again and then rebounding again next year. Seems at the moment, a lot are not willing to hold mining stocks for very long hence my instinct would be to take any wins quickly and then wait for another opportunity. GLTA
AXPRO wrote: You might be right, you might be wrong too.
It's now an impresiive number of Q's since AG/FR has made a profit.
Every flippin' Q report he, KN, pulls a new cost increasing rabbit out of his hat.
Even with $28+ per ounce he generates a $40M+ loss.
It's my largest position and I go to bed crying as I missed the opportunity to sell at $28+ two years ago.
Now hoping it gets back to somewhere like $18 .......
A man can dream right, however with the newest dilution for Gatos, that may never happen