I can't reply to the weekend post. I'm looking for strong results at San Sebastian - Terronera vein and at Bolanitos, the Lana vein. El Cubo is looking good, writing off costs against profits will help, but I don't have extended thoughts on that.
The more I look at the numbers, I do believe we will at least meet expectations this quarter. But I am hoping for a surprise beat for Q1. I am optimistic that silver will rise throughout the remainder of the year going into 2014, so future earnings should be great. Especially with El Cubo finishing up.
Another "can't reply" thread. This is getting old.
I agree news. I remember thinking our $9.00 support would never break, haha. Hard to believe we touched $5.00. It's hard to believe that we have not climbed higher than we are. But this slow steady climb back up is fine. I know in the long term, EXK will do great. I just wish I has more money to add on these pullback days.
They certainly seem like they want to keep silver around $29/oz right now. We have been stuck in this range for quite a while.
Roger that back at u. Based on EXK's total profit for 2012 as comparison, they should be able to make a deduction of 85% on El Cubo. I expected almost all costs for El Cubo to be deducted in full, except on some equipment. Most costs are still on an one year accounting methods to do so.
Brad has mentioned historical studies on El Cubo. Years ago, drilling was performed within that area and drilling showed heavy concentrates of minerals. Modern technology is needed and El Cubo now has that.
When it comes to silver, I don't buy into the wave 3 stuff as being dependable. It's just another form of manipulation. Events of news may not be helping silver spike, but it's not hurting it either. Certain banking events may help silver, even if that news per Europe region / Cyprus gives support to the dollar. EURUSD remains capped by the 38.2 percent Fibonacci retracement from the 2009 high to the 2010 low around 1.3120, It's possible for a move back towards the 23.6 retracement (1.2640-50) A close below the 200-Day SMA (1.2873) to confirm a bearish forecast for the pair would be needed. I'm not giving a lot of sweat thoughts to silver versus dollar, as I'm watching other currency pairings at this time.
Silver has range values and EXK should benefit with outstanding earnings for 2013 and 2014 and beyond. WE are so undervalued it's not funny.