Operating costs = US$15 per oz of Ag as per this month's edition...

Operating costs = US$15 per oz of Ag as per this month's edition of Resource Stocks (although, it should be noted that their estimate is based on AYN's est.).

The volumes of late have been very interesting. My sense is we will have a couple more slow days to start the week with a resumption in the rally.

With only half a dozen decent silver plays on ASX this stock will be a direct beneficiary of the macro-conditions which make silver a very interesting commodity at the minute.

Also, apologies for an earlier post in which I said I expect delta = 1 with the options with the underlying at 6 cents. My hedge fund pal corrected me and said that delta = 1 when the underlying is at $0.07.

Regards

Jojo