silver commissioning - ahead pf budget ..., page-44

There are 1.31 bill shares on issue and 70+ mill options
You have not factored in exploration and development costs expensed
Admin costs ?
Tax @ 30% ?

Once you apply these , it sobers up the end number .

Silver is very volatile .

In a period of deflation gold and silver may slump . Silver is high at the moment ...and has recently fallen .

Only invest what you are comfortable losing .

In its last quarterly statement this company had only $3 mill cash . It forecast a net further outlay in Q3 of $500 k. If there is a slump in POS this outlay would be bigger and require funding from a rights issue causing further dilution .