ramping up production, cash flow & exploration, page-23

Fast41, I'm sure many of us have noticed that your posts are consistently short on content and high on hype.

You don't appear to be prepared to analyse here what has been released to the ASX by AYN. Your standard reply is for us "to read what AYN releases."

You persistently tell us AYN is a silver producer. So what? We all know that. That AYN is undervalued. Based on what? And so it goes on and on ...

And yes, it is very valid comparing AYN in gold adjusted terms. Because that allows us to compare AYN's value to the majority of precious metals companies, which are gold companies and avoids us getting carried away with the numbers used in silver production as a million ounces per annum gold producer is a major, while a million ounces per annum silver producer is a minnow.

So I'll repeat:

Based on today's gold/silver ratio of 53, 1.2 million to 1.5 million ounces of silver production per annum - yet to be achieved - is like a gold producer aiming for 22,640 ounces to 28,300 ounces. That's a very, very small operation.

Now I wonder what that gold miner's market cap would be if it also had just around one million or so in cash and was months away from steady state production? I very much doubt it would be the $86 million that AYN currently commands.

Taking everything into account, at current silver prices AYN is very fully valued imo.