If AYN was to receive an extra $20 in the hand per ounce in real...

If AYN was to receive an extra $20 in the hand per ounce in real cash AYN would be in a completely different situation.
For the 6 months ending 31st. December it could have increased cash flow by $8.8 million.

From today's ASX release:

"As reported in the Company’s Half Yearly Report, silver production from the Texas Operations for the half-year was
439,431oz, which represents an increase of 60% over the period in 2011. Notwithstanding the challenges the Company
experienced during this period with mechanical, contractor and weather events that impacted Alcyone’s planned
production, the Company delivered revenues of $13.3 million for the period and a net operating loss of $1.24 million."

Not sure though what the current situation is with fixed price forward selling by AYN. I'd need to check that up.