/biz/ - Business & Finance

>>54588982
This pic does.

>>54492977
Yea, people need to focus more on the facts than narrative. Look at what the mkt cap is compared to ounces produced (P/S ratio), this shows how much leverage you get. Look at their net profit (or loss). Look at the size of their resource and mine life. Exploration potential is also important, but every company is going to say they have good exploration potential, if Impact really had such great targets they would drill them out and show a 5 or 10 year reserve. In reality they probably have 6 months reserve and have to just mine what they find pretty much and go back after less attractive stopes they left in the past. This is what their production profile is showing, they mined the best ore first and have been going for worse and worse ore over the years. Graph is in koz silver produced.
On all these accounts, Impact Silver is a fail. Honestly if silver investors had been more tough and perhaps realistic, this company would have gone bankrupt by now, because they aren't making any money and haven't shown a path to profitability.

>>53163161