Welcome To The Silver Standard Resources HUB On AGORACOM

SSO on the TSX, SSRI on the NASDAQ

Free
Message: another $42.6 million

another $42.6 million

posted on Apr 07, 2008 08:02AM

as i had noted a couple of times, the shafter property was finally sold, for $42.6 million in cash and stock. the property "only" had 41 million oz. silver, and half of that was still inferred. so we got more than $1/oz on a property for which we paid next to nothing. this is a good property for aurcana, a company which has a lot going for it despite being a penny stock. the transaction is good for both companies, as aur can develop a property which was too small for the attention of sso, and we can deploy the cash elsewhere.

http://biz.yahoo.com/ccn/080403/2008...

Share
New Message
Please login to post a reply