The recent Seeking Alpha analysis of AXU's true production costs for an ounce of silver was careful and insightful in many ways, but they omitted a huge factor: Last quarter, mining operations focused on low-grade areas that needed to be mined thru in order to proceed, in an efficient way, to the high-grade areas that will make good money for the company. They stated this clearly in their report. Therefore, last quarter's cash costs for producing an ounce of silver were much higher than what can be expected in the future, and the Seeking Alpha report was invalidly negative about the company's profitability.
and what of the costs they had on their two new mines, were those part of the costs attributed. I do think this was very poor analysis in that it implicitly extrapolates what was a bad quarter instead of looking at how much of that is priced in to the shares. selling here imo is beyond stupid.