While most would agree exploration is a good and necesary thing , my personal view is that we have approx five years mine life ATM and now we are producing , some of the revenue should be put in the kitty. spending everything you earn on exploration and then some more is a bit like chasing your tale. Mum always said bank 10% and avoid borrowing money. Point being we have some reserves and are extracting some metal. If we say cut the exploration expenditure by a little we would have a little in the bank each quarter and still be exploring for more silver and not have to borrow any $. I know this sounds a little simplistic and is my personel opinion only but it makes perfect sense to me. The World is on the verge of colapse and we want to borrow money to explore when we have reserves . I dont mean stop all exploration juust dont go broke doing it . And at least ramp up first and get the cash flowing.
AYN Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held