Post by
Shermandrock1 on Mar 18, 2022 11:54am
Yo Andre171: Both good points
With respect to the price of silver, given the current "reported" and actual inflation, it is highly likely that the price of silver will trend upward. There are 30 ozs per ton [ 37 AgEq X 81% silver = 30 ozs per short ton ]. Margins will be considerable at today's price notwithstanding ANY increase in the price of silver. Just reported yesterday, the US Mint stopped production of 2022 Morgans & Peace Dollars due to unavailability of blanks. There is considerable anecdotal evidence that the silver market is "tight". The likelihood of an upward drift in the price of silver is more likely than a decrease..................With respect to the delays, yep, this is mining. Delays happen to the best of intentions. The key is Alimak #1. Seems like it is taking longer than projected. The latest claim is "due to weather". Investors these days tend to look for instant gratification with everyone chasing the same things. I have time to wait. I DCA shares each week. By the time that the "all clear" is given, I will have purchased my full intended allocation. ................With respect to the cryptic PRs, yep, I too have noticed that. I wish it were more transparent. Sherm