$AGX.v - Silver X Mining ๐ฅ
CEO Commentary:
Josรฉ M. Garcia, CEO, commented, "In a single update we have nearly tripled the silver in the resources that mines are planned and financed on. Two mining unit stories drive it. Blenda Rubia is a different kind of mine for us: not a vein, but a wide silver hydrothermal breccia dike body averaging more than eleven meters wide, with 5.5 million tonnes already in the Indicated category. And Red Silver, the highest silver-grade part of our district, now hosts more than ten million ounces of Measured and Indicated silver at around 20 ounces per tonne. The Plata unit now has two engines, at Plata high-grade veins we can mine selectively and at BR bulk tonnage we can mine at a much lower cost per tonne. What this does to our plan is just as important. A year ago, our PEA laid out a 14-year mine plan on 12.25 million tonnes, producing an average of 6.2 million silver equivalent ounces a year and peaking above 7 million. Eighty-five percent of that inventory now sits in our higher-confidence categories, against less than a third when the PEA was published, and it feeds the plant we are already expanding. The next PEA will be about how much bigger this district can be."
#Silver @Silver_X_Mining
@SpeculatorPL1 Holding my $EQTY shares for now down like 60% but I donโt think they are dead yet. I own 35 or so miners so it is definitely best to hold many to spread out your risk.
@BrianGoodner 100% agree i was impressed when $AG announced they would start holding physical silver on the books. I think they all should hold physical on the balance sheet considering the dollar devaluation trend.
@Loose_bets I think the national media is starting to come around to the fact that the Vols could become a real contender this year. Running game is elite and Qb is starting to prove himself. I am bullish $VOLS football with Faizon ๐ฅ
@BrianGoodner@MONETARY_MAYHEM I think the last run up we had a big melt up from people cashing in on sterling silver and bullion. I expect the same thing on the next run up at some point that is gone the higher it goes.
@usppdd Thatโs around 10 kw I believe. Excellent return on investment you will probably pay for the system in 10 years or so and then enjoy free power for another 10 to 15 years after that.
@vol_equalizer That forearm looking like a turkey leg. ๐ No disrespect Iove Jamal one of my favorite vols and he was a stud in the NFL. One of the all time greats.
@retard3dinvst0r Lol, that will probably be how it goes down if it gets back to 150 in a hurry even though I could sell at a small profit. I love $AAOI so I am sticking around for the ride higher ๐