We have had a huge run in price for silver in the last 6 weeks or so. USA has had a nice run, but not huge. I do not do puts, but I did lock in some profits in SLW, which did have a huge run. I did sell a little USA last week at a good price, but will not sell any more until we are at least over 80c. Those drill results seem to mean that they will be going ahead with their opening of the Galena mine. ( You have to like 139 OUNCES per tonne + 4.8% copper)
That will add 500,000 oz per year and should bring down their average cost per tonne. I am starting to think that this will hit $1 fairly quickly.
Bob
(PS: I will go back and put up the full post shortly)
