Its nice to see Silver picking up strongly again and heading back towards $9 per oz. Hopefully the dip in the fortnight leading up to Christmas which dumped it back to the $8.20s was a temporary bit of profit taking.
Current price is $8.87 and the further it rises the more profit can be added straight to the bottom line when looking at the Goltsovoe project. It is my undertanding that the costings and profit margins of this deal were based on silver at $7.5 per oz, so the further silver rises the better for all of us.
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