well yes 51mill market value for a silver producer may well be...

well yes 51mill market value for a silver producer may well be cheap on a higher Silver price and increase in silver resource but at this stage in time I wouldn't call it a steal or bargain ....now if your bullish Silver AYN @3.5c is good buying
but if Silver stays @ 25-28 levels I think AYN will be braking even at best on overall costs to run AYN ..
Silver goes lower then AYN is gone MMN style

So a BUY for Silver Bulls that trust AYN mgmt to control costs increase resource
A Hold when valuing to other PM sector producer peers