how is the market valuing ard?

Sellers not keen to sell
Buyers not stepping up

appears to be a wait for news at 22/23 game going on

(Sunny Corner looks good, there's 478g/t Ag there
but metallurgical separation issues need to be solved first)


There is a slight disparity between the ASX hosted 27 April presentation to investors and the Argent site hosted presentation to BRR interview 19 May

We'll go with the latest release

and yes I'm counting a lot of eggs as chickens here

On silver only
20.8/15.9 = 1.316moz x 1.5mt per year = 1.975moz per annum

I gonna be crazy and predict a 2013 Silver price of $45 per oz

$88,860,000 less 100m Capex/10years (not sure is that the correct way to factor that in?)

78,860,000 divide 139.4million shares

= earnings of 63c per share

Yes? any takers