RE: RE: RNS5 May 2024 20:34
Seriously wonder how people don't bother to read stuff and yet invest.
You are right it is only half the stroy...... 2 other commodities are in the ore, LEAD and ZINC. Often many commodities come with other ones in the same formations.
Copper and gold
Copper and Nickel
Gold and silver
The main one has 'credits' applied from the sub commodities when working out the economics. So in this case you get Lead and Zinc credits. So X money from the sale of silver versus cost to produce silver Y, becomes X versus cost to produce silver Y-(lead and zinc recoveries).
Lucky Friday at a considerable further mining depth is circ $150/t and average ore selling prices are about $400/t. So anything around $100/t would be pretty good.
Many mines in these regions are bought and held by small timers, family units etc. This is one of those never really mined properly since the gold rush. In 1984 when not operational it appears someone went down and picked out promising ore and brought it up for a quick turn.
The time is right in the commodity cycle for a mine like this to get properly developed and operational and I very mush assume ACP has had access to thte historical data and sees a low cost, fast progress to being a cash generational business......Or by your thoughts only done a Google search on it and saw a postcard from the region.
I'm sure the best place to find commodities is where they are prolific -
Gold was first discovered in the Coeur d’Alene region in 1880, followed by silver in 1884.
Swiftly dubbed ‘ Silver Valley’, mineral production s tatistics for the region are impressive: over
a billion ounces of silver, 3 million tons of zinc, and 8 million tons of lead with a total
value of over $50bn, ranking the valley among the top mining districts in world
history.