even at 40 dollar silver they will be making money hand over fist.(NEGATIVE 7.13 PER OUNCE)
"Silvercorp today is China's largest primary silver producer and has achieved an enviable five-year track record of being the lowest cost producer of silver among its industry peers. In the Third Quarter of FY2011 (ended Dec. 31, 2010), the company produced silver at a cash cost of negative $7.13 per ounce. At the same time, the company is growing its resource base through continuous exploration of existing projects as well as seeking to acquire new development projects in multiple jurisdictions. It is one of only a handful of precious metals producers to pay shareholders a dividend (C$0.02 per share per quarter)."