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Silver Wheaton Corp. Message Board

  • verylownetworthindividual verylownetworthindividual Sep 17, 2013 2:56 PM Flag

    is SLW really sustainable?

     

    I understand they are a 'streamer' where they get into contracts with miners that also produce silver as a by product for the cheap and they sell it with a markup on the open market. So they dont need a lot of capex and they are not a real miner.

    That said, is this really sustainable? Seems everyone is betting on SLW as the best silver miner but I have some reservations about sustianability.

    Ultimately, whats to stop any real miner with actual mining operations like a First Majestic (AG) from doing exactly the same kind of business SLW is doing? AG and other physical miners also actually mine and produces silver.

    I mean, its not like SLW has a patent on negotiating forward contracts with random mining companies to stream their extra silver production.

    When other miners smart up to it and copy their business model and integrate it into their own physical mining operations, seems anybody can do what SLW can do?

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