posted on
Apr 14, 2011 11:35AM
Welcome to the NsGold Info Hub
Gold and Silver exploration
Message: Step 1
Rock3030: I think they are planning the right time to show just how excited they are about the property. This mine histroically produced at a cost of around $4 per ounce without taking into account Zinc and Lead credits. So, how much is 50mn+ ounces of low cost silver worth?
In addition, they are excited about the exploration potential, for both silver and copper (and Zinc / Lead). I'm not worried about why First Majestic gave the rights back in 2007, as the silver price was $12 at the time and FM had other competing projects, and had to pay $5mn cash to keep the property. In the momment they decided to pass. Now, the economics of the mine are spectacular and this is a transformational deal for NSX.
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