This Company just recently announced record quarterly silver production and it is on target to meet its 2015 projections. The Company produces both silver and gold. It’s silver production is profitable down to $14.35/oz on an “all in sustaining cost” basis, with cash costs/oz at $9.64.
What this means is that the Company is cash flow positive and every penny silver moves up flows thru directly to the Company’s cash flow and net income. In fact, the Company was free cash flow positive in 2014 (Amazon can only dream of this ever happening).
If my prediction that silver is the best performing asset of 2015 is correct, this stock will be a home run. Currently silver up 9% YTD vs gold +2.6% and the S&P 500 +2%. The daily graph of the S&P 500 looks like the general stock market is infected with Ebola.