Steini....I know where you are coming from with your 1/3rd rule, but disagree in a friendly manner on 1 principle....
The fact that when the sale price of the silver rises the cost of producing it doesnt increase....therefore the company makes a higher % gross profit, so with a higher %GP then the Share Price will most likely rise more than the standard 1/3 principle.
So your share price of 17c @ 50c an oz for silver is more like 21c according to my humble guesstimations.
I have been wrong before....just ask any 1 of my 3 ex wives....they will tell you....
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