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To: Jane4IceCream who wrote (123439)9/18/2001 5:58:58 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 436258
 
If they can hang in a couple of quarters, they may be OK as long as silver continues to rise...looks like debt service runs about~$3,500,000/quarter, cash burn is around 12 million and cash remaining is 33 million:

biz.yahoo.com

Clearly a sustained move up in silver to over $4.50 would help a great deal. Looks kinda analogous to DROOY in gold, where there are large reserves and a way to get big leverage on the price of the underlying asset (silver). Basically a call option on silver that expires when/if they go BK.