"This is an asset built by a veteran team that contemplates that upside. The incremental expansion is more or less designed and factored in to get to 5,000 tpd. . .we show Tahoe being cash flow positive in Q4/13 and overall guidance of 5 Moz silver being produced into 2013. Looking out to 2014, and using a forward curve from Feb. 6, 2013, and a higher silver price ($32/oz silver), we are looking at $353M cash flow from operations in 2014 for $2.33/share. Another attraction with Tahoe is that management suggested last summer that it would pay a significant dividend."
TGR: Its high-grade Escobal silver project in Guatemala would have significant byproduct credits.
RH: If you're a silver investor. . .you almost have to own it as a core position. The question is what's the right entry point?