AYN 0.00% 0.1¢ alcyone resources ltd

I bought a lousy 30 000 shares of this company @7.9c back when...

  1. 109 Posts.

    I bought a lousy 30 000 shares of this company @7.9c back when the price of silver tanked to I think $26 some months ago. Thought that was a good buy...I thought...probably still is in the Longer Term.

    I have been wanting to add to my holdings but lack of info re silver production & costs has prevented me. First it was 1.5moz -2moz per year, now 1.2moz-1.5moz...mmmmmm

    If I had to guess for what its worth, considering the above revisions on production estimates I would say the lower of the 2nd estimate LESS 25% = 225moz.

    Im sure that production can get up 2 the 1.5moz per year, when I dont know, better weather, bedding down of ramp up stage etc. It is the costs per oz that concern me {especially in the shorter term with the silver price so volatile and marginal}

    Let's hope for a good result on that score. No sign of costs per oz in this announcement and Im dumping my miniscule holdings
 
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Currently unlisted public company.

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