Most of SLW contracts are for life of mines. That means the mine owners will continue to explore and increase reserves which also increases SLW reserves. They do all the hard work and pay for expenses while SLW relaxes and rakes in the cash. :)
When u say reserves I suddenly thought about that,I never gave that any thought about that before now,I was under the assumption we were selling on a sceduled basis,like mabe once or twice a qt. sdepending on whether we had a good use for the profits or no, It only nmakes sence to stock pile it as it goes nup and only use whatever we need for our little ??7.00 an oz. overhead with a buying price of 3.90 to 4.08 I think ?? I wonder how much we hold back like that,and whats really got me wondering more is how can we put any kind of actual price on a stock pile that goes crazy all the time?? Also how can we do our books accurately if we have sold alot of it yet,whATEVER ,ITS ALL GOOD ,MY MAN ,ALL GOOD!
We need to remember that Silver Wheaton takes/took a very large risk lending money to miners. Peter Barnes claimed that they looked at around 20 deals to make one. These deals are extremely complicated and take a tremendous amount of work to pull off.
that and all the "other" chatter on this board is to hide the fact that "we" are invested in one of the most promising holdings of the next 2 years at least. 5-911 will prove that - if not before. hold, buy more.