Jun. 13 at 11:39 PM
$GSVRF https://www.youtube.com/watch?v=MvZrfCWVhpc&list=LL&index=1 Another great listen for your weekend enjoyment.
One sentence that stood out to me was, "Any subsequent increase in the price of silver is gonna go right to our bottom line and help us even more."
In the previous financials, the price we sold our silver per ounce was
$31.88. The price of silver crossed
$36 this week (
$36.29 currently), an increase of
$4.12/ounce. For simplicity sake, taking
$36/ounce and multiplying it by the amount of silver sold last quarter gives us a revenue of around
$13.5 million, up ~
$1.5 million from our previous quarters sales. Gold's price has also increased, up almost
$600 per ounce from the price we sold ours at last quarter.
I suspect/hope management will see these prices and push to sell more than the previous quarter, as production is not an issue. If they do, we could see another record quarter of financials; however, this is just a theory and some food for thought. Enjoy your weekend.