My quick look at projected silver production levels for the companies (each company combined) this year: EXK=4M; GPL=2M, both apx.
AUNFF= 3.8M Shaftner alone, over 1M La Negra= 5M AUNFF this year +- 2013 Q1.
Consider GPL's prod. #'s have been dropping, and getting 'long in the tooth', forcing them deeper and deeper. Interestingly EXK, GPL, and AUN all have 2 major mines.
Costs per oz will be dropping in the 2Q 2012 for all, due to oil/gas prices crashing.
EXK's costs are 5.50-6.00oz, much lower than AUN's @ 10.10oz thou. I expect if metals prices rise, this fact will be mute, somewhat.
This is just a rough 'glance' by me, further DD is required, ofcourse. But just this look, is staggering for AUNFF's comparisome against BOTH other miners.
EXK's high was $13.10...GPL's 5.00, apx.'s; $9.00 is an apx. difference between both's highs.
AUNFF beats out GPL, far and away, separately. I need more rsearch to compare EXK's relation.
If anyone has done an indepth DD regarding the comparisomes, please reply. TY, JMO & GL all
confused between listening to Merkel, FED, ECB.....and etc.
I only know that i'd rather be long then short silver. short term trades. Merkel acts or the FED hints and your better off Long.
The risk/reward is on the Long side of Silver & Gold and the miners.
Ooops. Merkel a BIG NO on printing more money. Just maybe this time everyone learned something, you can't fix the economy with b/s money printing. what does that mean, shmucks like you have been wrong for 7 months now and counting. Keep hoping and praying simpleton while i steal your lunch again!
like taking candy from a baby
Dude. Your just a simpleton. Do you want me to give you my bank account and social security on the net?
Can you deny my short at $33.50 ????
No because you were screaming buy buy buy
Look at my post at $26. I said short cover
This environment is making Silver a buy. That's all
You had a deflationary environment for the past 6 months. And that's why I shorted Silver.
I called silver. I nailed the short at $26 from $33.50.
You can't even deny that. Look at the posts
Can you tell me your valuation on AUNFF ????
Try answering a direct question. Should be simple??
Can u justify a $2.25 billion dollar valuation ???
Simple questions. Since your a cheerleader. That's all you are.
Hey "oops wrong mine", you were a bigshot MM at what company? Are you ever going to let the folks at TIREX know you had the "oops wrong mine" and they are blessed to have you as their mentor. I notice no one has posted on that stock since 2011, a bigger joke than your bashing skills. Based on your own big mouth (example 26) how about a better prediction of silver than "between $25 and $29.40". 15 Jul, 15 Aug and 15 Sep?
Back to AUNFF, better get all you can "oops wrong mine"..don't say I did not tell you to treat this as a 12/36 month investment versus your minor league bashing day trading. I can hear Shafter silver being mined right now.
Good post and thanks surf. Now the high grade intersect and the fact the world traditionally uses up the supply of silver faster than it can be mined are nothing but positives for AUNFF. If as you stated the production costs come down even a little the profits will be staggering as Shafter ramps up each and every day. Should surpass the companies you mentioned in pps for the patient AUNFF INVESTOR. I think accumulating anywhere along the journey to those pps is a winner with this stock. What happens if as history repeats itself and silver doubles from the previous high in the cycle, could run silver to %75 or higer, that might be 18/24 months out but again patience is the key.
yea MIRZ lots of safety in treasuries....SEE China and Japan trading without dollars...get it!!!china use to use yuan to buy dollars to purchase japan goods and japan would sell dollars to buy yen.NO more!!yuan to YEN directly!!!....Who is one of china's largest trading partners???JAPAN....We are going to have 2 financial systems supported by IMF/BIS ETC till the little baby(china) becomes mature to handle global finance!!!Euro wont die...its a sham...Covering up DOLLAR/USA loss of hegemony!!!Those who are short euro NOW ARE gonna GET CRUSHED in next couple WEEKS !!!!!!Watch
Interesting that the drill hole referenced in news release seems to be around the south shaft. (see page 103 in Shafter's feasablitiy report)
They appear to be looking to utilize the existing workings from Presideo to access rich ore pockets not exploited by prior owners.
Makes for relatively low capital expenditures for increasing minable reserves.