what's all the rave? , page-5

I received the SPP documentation in the post last night, and was considering whether to take part or not. A comparison with another precious metals miner tells me it's going to be a hard road for AYN.

Here is my rudimentary comparison between AYN and PGI.

Metals: AYN-Silver, PGI-Gold & Silver
Market cap: AYN-52.98M, PGI-100.13M
Country Risk: AYN-Australia, low. PGI-Dominican Rep. Higher.
Tax: AYN-30%, PGI-Effectively 25%.
Free cashflow over 3 years: AYN-Let's assume they can clear $10/Oz * 1.5M = $15M/year * 3 = $45M. PGI - $300M.
Status: AYN-Ramping up production, exploring. PGI-First pour in 2 weeks, exploring.
52 week Share Price Action: AYN-0.04-0.12. PGI-0.12-0.20 (less volatility).

I believe PGI is a good buy right now, so this comparison may be a hard one for AYN, but my point is that there are better prospects out there on the ASX. AYN will struggle to earn its market cap over three years, whereas PGI will exceed its by 3x.

Please check all my rough figures before acting on them. For disclosure, I own shares in both PGI and AYN.