John; Using your silver price hovering around $14 an ounce ... and applying that formula towards a $200 one-pounder ... I come up with $168 worth of melt value silver in a $200 silver strike.
Now I'm sure that IGT needs to make a profit after design and tooling costs, and the casino has to make a profit too. Doesn't leave much 'wiggle room' at the current price of silver.
Interesting!
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