RE: Re: LIM PEA10 Feb 2021 11:06
There are a lot of IFs involved Sammy. If your auntie had a *****, she’d be your uncle.
With relation to shares, it’s always full of IFs. We are all gambling. If you have missed the boat this time with a top up I’m sure you’ll get a chance again in the future. We all know that the costs involved with extraction and refinement are reducing annually based on advances in the technology being used to produce these processes, with larger and more capable equipment now available. Therefore, I believe a figure of $110 is as a worst case, but if investment is being made up front, this figure should be lower.
Clearly there are miners out there who bring money out of the ground at a profitable margin, despite the global prices fluctuating through time. There is no reason why LIM/AYM can’t also across the various sites they have claim over. IF the successful miners all closed when the spot price dropped a few dollars nobody would be at it...