Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: PaulM who wrote (57598)	8/24/2000 6:40:11 AM
From: long-gone	Read Replies (1) \| Respond to of 116764

I wondered when SSC started buying out of production silver claims here in Colorado if it was the right plan....

To: PaulM who wrote (57598)	8/24/2000 1:57:09 PM
From: goldsheet	Read Replies (2) \| Respond to of 116764

The Sunshine Mine in Idaho was producing at about $4.40 per ounce, so they had a little positive cash flow. Unfortunately they had to use all of it (and more) to pay interest on all of their outstanding debt instead of using it to developing Pirquitas (required approximately $140 million of capital, but could produce over 100 million ounces at a cash cost of only $1.30 !) Classic business squeeze, where you have to keep operating what you have to pay debt, then can't come up with the capital to develop an excellent opportunity that might have solved all of your problems.