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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (27936)	3/31/2017 2:36:49 PM
From: Goose94	Respond to of 202373

GRG-V pretty close to six month high

To: Goose94 who wrote (27936)	3/31/2017 5:42:59 PM
From: fringe	Read Replies (1) \| Respond to of 202373

GRG "Overall, we expect a relatively neutral reaction to Silver Standard’s decision to exercise its option on the Chinchillas project in Argentina, which is located approximately 42 kilometres from Silver Standard’s Pirquitas mine. Development of the project is expected to extend the life of the Pirquitas mill beyond late-2017/early-2018 when processing of stockpiles is expected to be complete. The project also has the potential to help justify development of a small, higher-grade underground operation at Pirquitas, which was not expected to be economical on a standalone basis. In addition, Silver Standard announced settlement of its outstanding export duty claim in Argentina with Pirquitas agreeing to pay ARS 1 billion ($65M) with 5% paid upon entry and the remainder paid in equal installments over 60 months (monthly interest rate of 1.5%). Under the option agreement signed with Golden Arrow in October 2015, the two companies are establishing a joint-venture company in which Silver Standard is to contribute its Pirquitas mine and Golden Arrow its Chinchillas deposit. Silver Standard would be the operator with a 75% stake in the joint-venture company with Golden Arrow holding the remaining 25%. Silver Standard will also pay Golden Arrow approximately $15M representing 25% of Pirquitas' mine earnings since signing of the option agreement. Details of pre-feasibility study on Chinchillas: Average annual production of 6.1 Moz Ag, 35.0 Mlb Pb, and 12.3 Mlb Zn over a period of 8 years We had forecast production of 7.6 Moz Ag, 23.1 Mlb Pb, and 9.7 Mlb Zn over 6 years (excluding development of the Pirquitas underground) Modestly lower throughput and grades offset by higher reserve tonnes and recoveries Initial production expected in H2/18, in line with our expectations Upfront capital of $81M was higher than our forecast of $40M Estimated IRR of 29.1% at $19.50/oz Ag, $0.95/lb Pb and $1.00/lb Zn"