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T. Rowe Price New Era Message Board

wrsparks 3 posts  |  Last Activity: Apr 17, 2014 10:53 PM Member since: Jun 7, 2000
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  • Reply to

    Cost of Silver for SVM compared to CDE and AG

    by wrsparks Apr 16, 2014 12:12 AM
    wrsparks wrsparks Apr 17, 2014 10:53 PM Flag

    Uh , that's why i left "cash cost LESS by-product credits out of my post that number SVM publishes as 2.00 I only put the cash cost in to my post. Go check the latest SVM MDA you will see the $2.00 figure which I did not post.

  • Reply to

    Cost of Silver for SVM compared to CDE and AG

    by wrsparks Apr 16, 2014 12:12 AM
    wrsparks wrsparks Apr 16, 2014 9:58 PM Flag

    It's very relevant what the cash cost per ounce of silver is. Every miner publishes a number I gave you two of SVM's competitors not sure how they can make much money with those cash costs at current silver prices. You can nit pick all you want but it is a very relevant number.

    Yes SVM production has gone down and yes it will turn around, not this quarter so much but it will turn around. When production goes up and it will SVM share price will soar. We all know the trucking issue is SVM;s highest priority and they will turn it around.

    If you were here for the pain why not hang around for the gain ? Even though SVM is less than 1% of my portfolio it will give me so much please to see you short nit pickers proved wrong when this does turn around. I will hang around for the gain.

    Sparks

    Sentiment: Strong Buy

  • SVM = In Q3 Fiscal 2014, the consolidated total production cost and cash cost per ounce of silver, net of by‐
    product credits, were $4.39 

    CDE = The company's all-in sustaining costs were $18.94 per silver equivalent ounce in 2013.

    AG = First Majestic Silver predicted that its all-in sustaining costs would be $15.87-$16.69 per silver equivalent ounce in 2014.

    Need I say more ?

    Sparks

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