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Author: EGTalbot One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 587  
Subject: Silver Wheaton announces new Streaming deal Date: 8/8/2012 10:50 AM
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http://finance.yahoo.com/news/silver-wheaton-acquires-life-m...

Looks like they pulled the trigger on a deal for Hudbay's 777 Mine and Constancia Project. They'll be getting the silver at $5.90 and the gold at $400 and it should increase their stream by 4.2 million SEO per year through 2016, with additional production after that as well.

Looking at the deal, I think that if the price of silver stays where it is now, it's only a mediocre arrangement, with total cash outlay of $750 million not including the price per SEO. But if silver even averages $35 per ounce, this is definitely a noticeable increase in the SLW bottom line.
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