IKN

children of an idle brain

Have cake/Eat cake

The second best bit of the Arizona Mining (AZ.to) PEA NR (right here) is the have/eat cake mathematics on silver.

Have: The operating economics assume they sell 5.5m ounces of silver per year at $20/oz.

Eat: The company proposes between $200m and $350m of the capex raise will come from selling a stream on the silver. Bless em.

But the best bit is the confident assertion that the mine will be permitted and in operation by 2020. Welcome to Arizona.

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