one caveat. The rising price of gold and silver is to a degree the result on inflation. This inflation effect capex and very likely the AISC as well. Its anyones guess as to which extent.
However, where silver has more than doubled from the value assumed in the $BHS Inferred Mineral Resource Estimate from 2018, it is unlikely that CAPEX and OPEX will have doubled as well. Up 25%, sure. 50% maybe, 100% not very likely.
And my own sense is that $30 is a new base for silver. I, along with people who are much smarter than I am, think $35 is the next target and $40 will be seen by year end.
Oh yeah, I didn't mean to imply AISC moved up that much, that would be impossible. It's just something that needs to be considered, margins aren't up THAT much. I actually agree with numbers (25 - 50 %) which is actually batshit INSANE to even consider true aftrr the course of just aa 3 years.
one caveat. The rising price of gold and silver is to a degree the result on inflation. This inflation effect capex and very likely the AISC as well. Its anyones guess as to which extent.
Have a good day, thanks for the post.
A point well taken.
However, where silver has more than doubled from the value assumed in the $BHS Inferred Mineral Resource Estimate from 2018, it is unlikely that CAPEX and OPEX will have doubled as well. Up 25%, sure. 50% maybe, 100% not very likely.
And my own sense is that $30 is a new base for silver. I, along with people who are much smarter than I am, think $35 is the next target and $40 will be seen by year end.
Oh yeah, I didn't mean to imply AISC moved up that much, that would be impossible. It's just something that needs to be considered, margins aren't up THAT much. I actually agree with numbers (25 - 50 %) which is actually batshit INSANE to even consider true aftrr the course of just aa 3 years.
Consider the made up CPI numbers 🤣🤣🤣laters