Assuming they have to raise the $8M in the low 4c area then AYN...

Assuming they have to raise the $8M in the low 4c area then AYN could have 1.5B shares on issue. At $30 silver price and assuming the total production cost is $20 then AYN producing 1.5M oz on a pe of 8 would only be trading at 8c. I don't think for one minute that their total costa are anywhere near $20 (higher) so i cannot for the life of me see why anyone would want to buy into this company. A lot better growth stories elsewhere. There's something about their process that just is not right. Someone in past days compared AYN to CCU which is ridiculous. CCU have standard CIL plant and my bet is they will iron out their commissioning/production problems well before AYN. I hold neither AYN or CCU