the new force in silver

I like this analogy, FMG and CDU used it successfully :-)

Ok, this is why I think CCU will be a multi-multi bagger.

The only pure silver market play on the ASX, no other company has the following points going for it…

* Market Cap is ridiculously low – approximately $8 million dollars

* Low number of shares on issue – 117.9 million shares

* $3.6 million in the kitty for feasibility and extra drilling

* Feasibility study underway for a 3.3 million oz per annum mine (this would make it the 13th largest silver mine in the world). Feasibility will be covered by existing cash, about $1.8 million)

*Potentially high margin $6.25 AUD ounce operating cost, with silver around $16.50, margins are $13.50 per ounce.
At $13.5 per ounce & 3.3 million ounces, $45 million profit per year!! Every $1 increase in the price of silver increases their profit by $3.3 - $4 million.

* Moving towards 100% ownership of project (excluding 2% smelter royalty)

* Top 20 shareholders own 70% of stock

* Low start-up, $21 million cap ex.

* Recent 40% increase in resource from 31.4 to 44.3 million ounces

* Can be up and running in 2011.