great chance, page-11

Jantimot post 8026336 says

"You won't make $20m this year.

But even if you did, with a mine life of 4 to 5 years, a P/E ratio of 4.2 is too high as on a DCF basis you'lll never get the share price back. The other ore (after the 7.5Moz)is much lower grade than what they are processing today."

AND WHAT IF THEY DRILL AND HIT MORE SILVER IN OTHER LOCATIONS.

"In fact, the ore grades will drop off over the five years, so costs will rise as the pit gets deeper, and revenues will fall."

NOT IF THEY DISCOVER OTHER ORE WITH HIGH SILVER GRADE.

"On the bright side, silver should be trading a lot higher, especially in AUD terms. But as we are likely to have a stock market crash before that, I expect AYN to be a lot lower before it goes higher."


IF WE HAVE A STOCK MARKET CRASH, DONT YOU THINK SILVER WILL GO UP NOT DOWN, BECAUSE PEOPLE WILL BE BUYING SILVER AND GOLD,
DEMAND FOR SILVER WILL BE STRONG BOTH IN INDUSTRAIL AND PRECIOUS METAL.