Ann: Capital Initiatives , page-12

SBAH22.... don't think you are missing anything. The current price reflects the cap raising and is typical after such an annnouncement in my view. There are no fundamental issues other than get the ball mill running and throughput of the course material which holds a higher percentage silver than thhe material processed to date - refer to presentation.

You would be crazy to sell at these levels with a major buyer behind the current price and the CWTH Bank and the promise of an option to sell in the mean time.

In respect of the current $22plus for silver that is only the paper price. There seems to be plenty of talk about lack of supply of physical whilst the mega banks play their games.