Unless the price of Silver continues to rise AYN will become very low in cash and then yes, I agree that they will need to do another cap raising.
It does appear that the only saviour for AYN is going to be a higher price of silver unless they can drop the cash costs substantially.
I don't think that the cash costs would be double what they forecast however I believe that they are still too high.
Ann: Investor Presentation , page-30
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