What happens when the cash cows like AXU end up bankrupt?
And SLW no longer enjoys the benefit of their contractual buys at $7.00 an ounce?
It could happen....AXU suspending winter production...others may follow suit or just go belly up. Who would buy
them with these terrible contractual obligations to SLW to sell part of their production for like one third the current price of silver?
The truth of the matter relies on knowing about the sizable upfront payments that SLW makes on the procurement contracts. When you know that it all balances out. But since it is obvious what you are attempting to do, and frankly I don't like it one iota, you've earned the silver plated IGGY.