Post by
mattbigham on Mar 01, 2022 1:30pm
@ $25.50 oz Ag it is a good time to announce full production
$11.75 US AISC per oz.silver
That's $62 M USD's gross profit on silver production,alone.
$47 M USD's after SLW take their cut.
Then there is the base metals profits.
Should be about $18 million CAD profit per quarter at these levels given full production.
Every day now there are huge fisal incentives to get up to and announce full production status.
With those profit margins we should see the acquisition(s) the company has long talked about.
Comment by
michaelstl on Mar 01, 2022 1:47pm
You are correct. This stock is very cheap with a 25.00 sukver price, soon to be mucy higher! Should be a quick move back to 52 week high.
Comment by
mattbigham on Mar 01, 2022 1:58pm
Silver's 50wma has been usurped by well over $1 per oz now. AXU's 50wma is at the $2.60 level so she has vastly underperformed the metal. We have been told numerous times that the company should announce full production within Q1 22. Every day that goes by is another day closer to that announcement and the very substantial profitability that accompanies full production.