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Endeavour Silver Corp. Message Board

  • tthemainman38 tthemainman38 Jun 10, 2014 12:07 PM Flag

    Looking Forward

    The board and Company have been a little quiet of late so I just reread the Q1 conference call transcript for the fifth or sixth time. Each reading discloses some previously missed item that might allow us to see what's down the road a piece. Q2 production and earnings may not be quite as bad as expected because it appears that the company did a $20.50 silver hedge for at least a part of Q2's production, in anticipation of the normal Q2 doldrums in the metal markets. Also, in speaking of needed metal prices to remain profitable, the company stated that Bolanitos was good to $11-$12 silver, while Guanacevi and El Cubo were in the $16-$17 range. While AISC were $12.15 for Q1, that number was expected to rise because of an increase in capex during Q2 and that the great grades at Guanacevi during Q1 have returned to normal.

    While no one has a crystal ball, I believe that most longs believe that the future price of precious metals will trend higher. Why remain long if you believe differently? Here's the thing though. We don't need anywhere near record prices to make a ton of money. Last quarter we made money at $20.50 silver and $1300 gold. For each rise or fall of $1 seo the company will make or lose $11-$12 million dollars. $25 silver= $55-$60 million in earnings. Also, in the past El Cubo was a huge drag on earnings, cost in excess of $35 per ounce. That's no longer the case, in fact, management has stated from day one of the El Cubo purchase that the company expected a turn around of the operation within two years and further that their expectation was that the mine would become like Bolanitos. We're closing in on that timeline and I expect that the company will once again deliver as promised.

    Sentiment: Strong Buy

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    • GREAT

    • I agree. I posted this on Nov 9.

      I just finished reading 'Deposition of the Upper Ore in the El Cubo Mine, Guanajuato Mining District,

      Drilling intersected strong mineralization in both the Villalpando vein and the Asunción vein.

      There's a "sequence which is intruded by three main north-west trending silver rich vein systems that extend between 10km and 25km along strike. Known as La Luz Madre and La Sierra, the veins systems host gold and silver in ratios ranging between 1:72 and 1:214." I had talked about this as with the San Sebastian project in Jalisco state and extending rich veins at Guanacevi and Bolañitos by use of mapping. Mapping works well because the principal rocks hosting the ore shoots......

      Guanajuato Conglomerate for the lower ores and Bufa Rhyolite for the upper ores show fault-associated deposits focused as open-space fillings in fracture zones. Veins hosted in the relatively open spaces will be/is primary mining targets. This is a easy study by the use of mapping. Stope mining with the use of scoop trans can be seen with Goog maps.

      Today and Future present
      As we know they are now there. They are there.
      Will they be pulling large gold deposits soon. We will see. It's there.

      • 2 Replies to newscentral2002
      • News- I've said it before and I'll say it again. Thank you for sharing. Seems that you, Mr Cooke and others appreciate what an asset El Cubo is becoming. A genuine game changer for the company but going unnoticed because the space has been out of favor for such a long period of time. This too, shall come to pass.

        Sentiment: Strong Buy

      • Bibliographic information

        Title Deposition of the Upper Ore in the El Cubo Mine, Guanajuato Mining District, Mexico
        Author Riki Girnius
        Length 48 pages

        Fluid inclusion and mineralogical evidence for boiling of metal-bearing solutions is found in gold-rich portions of the eastern Sierra system; this part of the system is interpreted as the least eroded part of the district.

        Recent investigations conclude that the boiling level was above the eroded surface that contains the Lower zone except for the gold-rich Cubo mine whose upper workings are above the reconstructed boiling level.

        Spatially, the deep base metal-rich ore and the gold-rich assemblage of the Lower zone are related to plutonic phases adjacent to and within the collapse feature, respectively. Overall, the mineralizing epoch at Guanajuato is contemporaneous with widespread mid-Tertiary magmatic activity and formation of fissure-vein metallic deposits in northern Mexico, attributable to subduction processes.

        Articles citing this article
        Epithermal deposits in Mexico--Update of current knowledge, and an empirical reclassification
        Geological Society of America Special Papers, , v. 422, p. 377-415
        AbstractFull TextFull Text (PDF)
        Mesa Central of Mexico: Stratigraphy, structure, and Cenozoic tectonic evolution
        Geological Society of America Special Papers, , v. 422, p. 41-70
        AbstractFull TextFull Text (PDF)
        Economic Geology, , v. 98, p. 1029-1037
        AbstractFull TextFull Text (PDF)
        Reduced porphyry copper-gold deposits: A new variation on an old theme
        Geology, , v. 28, p. 491-494
        AbstractFull TextFull Text (PDF)

        Mineraium Deposita - Gold rich El Cubo -M Mango, Arehart, others
        Author Affiliations
        1. Department of Natural Sciences, Castleton State College, 233 South Street, Castleton, VT, 05735, USA
        2. Department of Geological Sciences, MS-172, University of Nevada, Reno, Reno, NV, 89557-0138, U

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