silver price under threat, page-8

i am not so pessimistic. Look, on 23rd October 2008 MMN announced:

...Mechanical installation of the upgraded crushing circuit has been completed and commissioning has commenced. Increased crushed product is expected to be available for stacking in the near future....

and:

...It is important to note that there is a minimum three month time lag between the time of stacking ore on the heaps, allowing leaching to commence, and the sale of the silver bullion produced from that ore. For this reason a positive net cash flow will not be achieved until the second quarter of 2009...

http://www.macmin.com.au/announcements/2008/pdf/ASXReleaseTwinHillsProductionForecast23Oct08.pdf

I think the measures to reduce the costs worked, but came too late. MMN got no credit (finance crises, banks do not trust each other and hoards money) and went november 2008 into insolvency. In the announcement (link see above) it is to read, that positive net cash flow was from II/2009 possible (cash cost/oz III/2009 8,00 US-$). If MMN had received a credit in november 2008, maybe they would not have gone into insolvency and were now a highly profitable producer. I think AYN is now a big chance.

Sorry for my bad english. I come from germany...

Greetings!