Meanwhile back on plant earth we have AYN with a total resource in all categories(measured, indicated and inferred) of just 15,109,000 ounces.
Australian(not US) silver price is $31.87/oz.
AYN has a total inground resource of $481,523,830(15m x 31.87)
A share price of 34.5 cents would equal the market cap and inground value of $481m.
Seriously how can you value a company equal or greater than its resource? Are we getting it out of the ground for free?
It would be best to read the quarterly first before making investment decisions. I think it will surprise you guys how little cash AYN are/aren't making.
IMO there is no value in AYN.
Dream away.............
AYN Price at posting:
5.4¢ Sentiment: Sell Disclosure: Not Held