HRZ 3.85% 13.5¢ horizon minerals limited

I agree Silver price has \ long tails and steep amplitude,...

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    I agree Silver price has \ long tails and steep amplitude, historically. If they are going project finance Nimbus they will hedge portion of the production to get the finance over the line. But with high enough silver price, payback on the initial capital will quick, de-risking the project.
 
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