Jantimot you ask "how do you reckon they will get the costs down to $15/oz? When they don't even know if the new crushers will improve production? Pure speculation, IMO." Jant One thing to look at is that PRECIOSA as said below have " significant knowledge of both the silver market and mining" Preciosa 29/JULY/2013 “It is a very encouraging for the Company that a key financial institution such as Preciosa, with significant knowledge of both the silver market and mining, is willing to make a life-of-mine investment in our business. This commitment further reinforces the medium and long term value of the project, and validates our current strategy and the ability of the new board and management team to deliver on stated operational improvements.” Dr D’Sylva said. “I trust that the endorsement and support of these two key investors will further boost our shareholder’s confidence that the Company is now well positioned to ride out current market volatility and encourage them to participate in the current rights issue so that they can share in the future benefits of the company."
(INTRESTING PARAGRAPH) h) Preciosa has agreed to collaborate with the Company in relation to acquiring other silver mining projects, in return for a right to silver production on those projects, for a quantity to be agreed, on similar commercial terms. Preciosa also has a first right of refusal for other silver sales or royalties.
AYN Price at posting:
0.7¢ Sentiment: None Disclosure: Held