SilverCrest Mines Inc SVLC

Black?

[mjh9413]

I was not going to bother but there was financing around as they got a large chunk in an equity offering before the stream was consummated. However, if you feel a mgmt that pays $800 to get an ounce out of the ground and then gives up over $800 (and it might have continued to be a lot more that they are giving up per ounce) and so 'lose' somewhere between $800 to $1.600+ per ounce is making a sound very long term LOM decision, then okay. I have no problem with SVL and investing in it but I simply detest the fostering of these usurious streaming companies except where the miner might give up say 20% of any prevailing spot price. NRN.

[wideopenthrottl]

This post has been removed in accordance with Community Policy

[mjh9413]

There are many ways of looking at this. First off, SVL sold (OSIB) the shares ages ago..I forget what the net before taxes was but if you take the 50,000 oz level before the creditors give us $450US. SVL have foregone 50k times (say) $1,000 in real net revenue (the mix of actual lost revenue and actual cost of getting that Au out of the ground and delivering to SSL), that's $50Million...but

[black364]

It doesn't matter at this point if everybody's math is correct or incorrect, aside from that this horse has been beaten to death many times over the years.  To those that bought into this play knowing about the deal with Sandstorm and still ragging about it 5 years later seems a bit silly. I think there is a good chance none of us would be here to listen to these complaints if it wasn

[1Eagle1]

get the financing deal done so we can move on... let's see $ 4.00