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First Majestic Silver Corp. Message Board

edmundaronson 942 posts  |  Last Activity: 19 hours ago Member since: Jan 4, 2009
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  • to be able to get this mine up and running ,no permitting problems with contract labor and leased mill
    this has rescued heclas balance sheet because of ongoing capital investment in lucky fri and greens creek
    obviously silver gold has helped but it was san sebastion that brought hl to break even last quarter
    this high grade deposit only has 18-24month life but in 2017 capex at lucky fri and greens creek should wind down-
    is this high grading at its finest or will hecla find more
    this discovery on land mined and permitted from the beginning got my interest and when they leased a mill they built this became a huge timelt addition
    not only does it have a low cash cost payments to labor and mill are in peso's

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson 20 hours ago Flag

    the coeur mine and mill cost 20 million to build started commercial production in 1976 in 1992 silver prices fell to 3.93 in 1992 forcing coeur to put coeur mine galena and calday mines on care and maintenence-galena and caldaty were acquired when callahan mining merged with coeur in 1990-these assets were were transferred to new company silver valley in 1994 and later sold with silver at 7 bucks-it couldn't make money with 30dollars silver-coeur and callahan settled with cercla on this grouping of mines 3 mill cash and 2%nsrup to 3mill for a time frame of not more than 15 years-coeur mine and mill cost 20million had to go on care and maintence in 1992 and sold in 1996 along with galena and calday -us silver is still not making money today-while coeur bought rochestor for 20 mill and became largest us silver producer-celcla after a 768 dat trial had hecla at 31% asarco 21% and coeur settled with us govt c and cercla for 6mill in cash and nsr ---you don't like what history shows -coeur settled voluntarely with callanhan 280,000callahan and 70,000 coeur-the tribe belived callahan only 1% at fault-what was it worth with 7 dollar silver-your not buying that coeur didn't contribute it settled with cecla and us govt- by 1996-take it up with them how they came to figure coeur/callahan settlement-78 day trial,100 witnesses and 16,000 pages of transcript i'm sure these people has access to information to judge settlement amounts-coeur contributed but you don't like how much but the govt and cercla set this -

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 26, 2016 3:48 PM Flag

    your concern about cde and its contribution was not the finding of the tribes or us govt or cercla and was just a unfounded allegation with no basis
    i don't care but the enviornmentalists do-the result being fought and refought by their relentless belief and distrust of 120million tons of mining waste encompassing 600acres and restrained by a 300 foot dam -after mt polly maybe they have a point as it is being built on glacial tailings
    i posted this has a 522 million production capex that you of course thought to challenge with 3000ton per day mills using casa beradi and then after realizing that was foolish ,you attempted again with 3000mill at galena that was copper silver but didn't check the grade 22ozton vs 2 oz silver for montanore
    -this is a huge long term mine that is going to have huge legal bills,lobby donations,extra staff,land taxes,maintence G&A and a two year evaluation period then a bankable feasibilty study and hl will have to borrow or hopefully it takes so long they can earn the money-
    175 million was spent by the two previous owners so as a long term project great but it will be costing monet without being accreatitive for maybe a decade-montanore is a copper mine with silver byproduct- nothing wrong with that-when discussing miners i read technicals reports news and presentation not the scriptures-everything in its place-

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 26, 2016 9:17 AM Flag

    make up your mind first its casa beradi and 3000ton's per day then you get corrected,then you slide or slither over to galena 3000ton per day and get corrected on grade difference from 22oz per ton to 2ozs at montanore then you state your intention was that plans change of course thats why a further evaluation of two years and a bankable feasibiliy report--this is first of all a copper mine with 2oz of silver per ton-this is a bulk mining operation-how ever they optimize this, it is a expensive project,,time consuming and with high legal costs- i take the time to read a pea technical report ,i take the time to research rock creek,i take the time to LOOK AT ENVIORNMENTAL ISSUES while go on about jewish law and rabbis
    dumb and dumber meet dumbest

  • Reply to

    ceo mines management

    by edmundaronson May 26, 2016 5:15 AM
    edmundaronson edmundaronson May 26, 2016 8:11 AM Flag

    there is concern since polly diasater as the cause was being built on glacial tailing
    the planned montanore, dam is also on glacial tailings

    how different from san sebastion with no purchase price up producing with leased mill and contract labor in a year even if san sebastion is a burst it came at just the right time--

  • Reply to

    ceo mines management

    by edmundaronson May 26, 2016 5:15 AM
    edmundaronson edmundaronson May 26, 2016 7:47 AM Flag

    this gets huge a tailings dam that has to contain 120millon tons of mining waste in perpetuity
    the tailings dam 1o30ft long 360ft high and have a footprint of 600acres-get the size of that fit

  • edmundaronson by edmundaronson May 26, 2016 5:15 AM Flag

    "Montanore will be brought into production"
    "it is important to remember projects of this size have very long lead times
    "the project will need 2 year futher evaluation and a bankable feasibility study this would require the hiring of 25-30 workers by mid year"
    this should be looked at as a positive for investors-this is a 522mill construction capex-lucky fri and greens creek still have cap ex requirements till 2017 and need a breatherto replenish capital
    so long term positive short term a non accretitive expense
    san sebastion is the big winner and rescued hl's balance sheet and has 18-24 months of high grade
    exploration is key here to turning this short term source of cash into a longer term mine

  • Reply to

    Thoughts on Today HL drop

    by silvertoro2001 May 24, 2016 9:23 PM
    edmundaronson edmundaronson May 26, 2016 4:58 AM Flag

    subjective as to hiring. also construction -ceo stated a two year further evaluation and bankable feasibilty report and this would necessitate 25-30 workers--do you have trouble reading you just seem to miss so much,do you have to edit in an attempt to make your point

  • Reply to

    Thoughts on Today HL drop

    by silvertoro2001 May 24, 2016 9:23 PM
    edmundaronson edmundaronson May 26, 2016 3:41 AM Flag

    montanore is not fully permitted and in april the enviornmental groups struck again with another lawsuit to challenge this mine build-this is a huge project with an expensive construction capex 522 mill--the enviornmentalists will fight this with no regard to outcome -their funding and lawyers have turned these projects into an industry
    i quess expected to immediately start hiring can be subjective as the sale must have been in the negotiation stage,they obviously lacked funds and contstruction of what
    -fit wants to challenge the comprehensive PEA and compares casa beradi 3000ton /day to montanore 12,500 after pointing out the incompatabilities he then tries the galena mine 3000ton/day but fails to consider grade -22 ozs silver galena to 2ozs per ton

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 26, 2016 3:02 AM Flag

    another example of how you fail to grasp even the obvios or unable to do proper research-galena mine 22ozs silver per ton montanore 2 ozs per ton-i suggest you read the PEA techinical report-this is a huge project
    it is simple these projects are in distance and challenged at every step by enviornmentalists
    -multiple groups i may add-itis a positive buy in future but a short term drain of money and-if you want to promote you would be better off focusing on san sebastion,2017's decrease of capex at lucky fri and greens creek-

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 26, 2016 2:48 AM Flag

    sorry i'm christian know nothing of jewish law but i'm sure they would agree---

  • Reply to

    Thoughts on Today HL drop

    by silvertoro2001 May 24, 2016 9:23 PM
    edmundaronson edmundaronson May 25, 2016 4:58 PM Flag

    from the Spokeman Review weds may 24
    company officials estimate it will take another decade to put rock creek into production about 10-15 years before mining would start at montanore
    last month a enviornmental group filed a lawsuit us forest service ignored studies-
    i suggest you read it

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 25, 2016 3:18 PM Flag

    idiot-the poster asked what mine or if both and where info was from -i take it a PEA is insufficient-then you want take a copper silver deposit and mine it like a gold mine
    -this is 2oz silver per ton--on one of your recent posts you had the rock creek mine mixed up with troy-
    it has been stated that these mines could take over a decade and the previous owners questioned the US govt permitting both-
    -just like your inability to grasp AISC realized and cah costs or thought coeurs avg recoveries were 49%-a copper mine has to mine bulk therefore 12,500tons per day- -and you want a 3000ton a day like casa beradi -instant bankruptcy-

  • Reply to

    bought cheap but short term negative

    by edmundaronson May 25, 2016 4:23 AM
    edmundaronson edmundaronson May 25, 2016 12:57 PM Flag

    according to mines management PEA construction capex 522 million this was for montanor only--with a 15 dollar silver IRR 11.5% at 18 IRR is 20.7%

  • Reply to

    Thoughts on Today HL drop

    by silvertoro2001 May 24, 2016 9:23 PM
    edmundaronson edmundaronson May 25, 2016 12:19 PM Flag

    there is the question by previousif US govt would allow 2 mines,there once was a plan to connect these underground
    enviornmental groups are all over these two
    these mines could take a decade to 15 years
    montanor consruction cost 522 mill
    there will be expenses during this time permiting,legal,land taxes,,G&A
    SAN SEBASTION is the big winner and has had a immediate impact for little cost,
    san sebastion is helping now because of capital expenses at both lucky and green creek
    18-24 months of that high grade -so exploration is what to keep your eye on-at the conference call this was the wildcard that drew the attention of all the analysts

  • Reply to

    hecla buys mines management

    by edmundaronson May 24, 2016 9:56 AM
    edmundaronson edmundaronson May 25, 2016 9:09 AM Flag

    might still be another decade plus-the enviornmental groups got there teeth into rock creek and this mine-i think i read a minimum 100 mill-

  • reclamation costs troy mine
    ,rock creek legal expenses,land fees and taxes,permitting fees,G&A
    minesmanagement legal costs,taxes,lG&A,new management
    production capital 522 million, share dilution to protect cash balance
    great long term move
    enviornmentalists who have fought both mines
    now have a bigger target-
    a decade before rock creek,10-15 montanor---spokesman review ( spokane,wash)
    last month enviornmental groups filed suit against forest services(spokesman review spokane wash)
    previous owners concerns that govt would only allow one project (spokesman review,spokane wash)
    once you have those enviornmental groups on your case it takes forever to shake them-courts and delays are their weapons
    so you have the immediate dilution then,expenses for 10-15 years
    (

  • edmundaronson edmundaronson May 24, 2016 1:08 PM Flag

    sure are right about comparison rock creek is in a different county from troy mine and has been tied up in permitting litigation for decades after being bought from asarco in 1980's
    that EIS that mines management secured is priceless-rock creek has the enviornmentalist up in arms-they at one time wanted to tunnel to minesmanagment mine under a lake- can't bother those bull trout or grizzlies up there-construction cap ex 522 million at 15buck silver IRR 10% for mines magements asset-

  • Reply to

    hecla buys mines management

    by edmundaronson May 24, 2016 9:56 AM
    edmundaronson edmundaronson May 24, 2016 11:11 AM Flag

    to me that is down the road and 522mill buid isn't cheap but it is a huge accomplishment in terms of getting a usa asset that is finished with its EIS-they only diluted about 8 million shares

  • Reply to

    hecla buys mines management

    by edmundaronson May 24, 2016 9:56 AM
    edmundaronson edmundaronson May 24, 2016 10:55 AM Flag

    its close to rock creek that needs an eis and struggling and right down the street
    mine management has the eis-522mill for a 22% irr isn't good and 18 silver it 20%

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