I just based it on the director buy in at 18c and put some cream on up to 22c. Silver looks like it could trade between $32-$40 for a few more weeks IMO. As you said its almost impossible to put a price. Its just my own range mate. Still yrs from potential production so i thought it was reasonable atm. Big periods without news could see it closer to the 18c especially when it comes to the last week or so of the financial year. I could be wrong. Hope i am for all that hold currently. If it dipped to even 15c it wouldnt be a drama IMO as this is a long term punt. the only drama would be Silver below $20. Many would suffer then. The other one i hold did the sums using $19.85/ounce with massive upside potential on many fronts. Thats why i rate it a lot higher than ARD atm. That could change though.I expect it to, closer to major approvals for ARD.
My ops only.
Scorp
ARD Price at posting:
25.5¢ Sentiment: Hold Disclosure: Held
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