Ord Minnett's latest report is dated 3/6/13. At today's closing price of 8.1c we get
2014E EPS=$0.05 PE=1.62 Silver Price = $US 27.50
2015E EPS=$0.06 PE=1.35 Silver Price = $US 30.00
2016E EPS=$0.09 PE=0.92 Silver Price = $US 27.75
A forward PE of 0.92? Now that's a bargain!