So, in 2010 AYN announced that their maiden JORC comprised of 10,192,000 (OZ) at Twin Hills and 4,917,000 (OZ) at Mt Gunyan.
That's 332,000,000 (OZ) or there abouts.
Physical silver is drying up and in hot demand, reports put silver at a possible $1,000 (OZ) in the next 20 years and a double or triple in current levels short term.
Their JORC is worth at $22 per OZ $332,000,000 surly someone will back them and fund what ever needs to be fixed to get mine operational.
Even if it costs $12 per OZ to mine, that's a healthy return on the suggested $10 m to get things running again.
- Forums
- ASX - By Stock
- AYN
- silver
silver
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AYN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online