nonrevBack in February, Bob Moriarty did a piece (below) that included a
big plug for EDR. As you'll note, he mentions a "silver giant
did a study" without naming the giant that "concluded" that
the mine had 45 million ounces. From that he states after
juggling some numbers that "....they got the 45 million ounces
for free." Quite a leap. Faked me out for awhile until I thought
about it.
The ounces may be there but a study that concludes does not
mean it's so.
.........................
https://321gold.com/editorials/moriarty/moriarty020204.html
snip
Another silver giant did a study on the Santa Cruz area covered by this
agreement and concluded the mine has 45 million ounces of silver. It will cost
Endeavour Gold about $.15 an ounce for silver in the ground and that's cheap by
any standard. Either the silver has a cost of $.15 an ounce and they get the mill
for free or the mill cost them $7 million and they got 45 million ounces for free.
That's called, "El Goodo Dealo" in Spanish. Especially when they plan to convert
those ounces directly to cash.