silver commissioning - ahead pf budget ..., page-56

No he doesnt mean that. If the price is $40 we make approx $25 profit per ounce. If its $50 it goes to $35. So on and so forth. The higher it goes the better. We are not locked in to sell at $27. It was there to protect us if it went below $27 and if it did we would still get $27 for 770,000 ounces. Hope that clears things up for anyone worried and not getting in for this reason.
We will sell at current spot prices.
Undervalued by 5c - 10c in my absolute honest opinion. Those who decide not to get in will look back and say i wish i did.


My ops


Scorp