quick valuation exercise for ayn, page-8

"Just wondering, why are you holding?"

I'm waiting to sell into the next spike (hopefully which presents itself after the quarterly).

Unless of course I'm presented with an increase of mine life to the upper end of the 7-10 yr range (sitting at five right now), or if they exceed their target of 2 Moz.

I see no need to gain exposure to silver via AYN no longer (or even CCU for that matter?), as I need to bear all the risks and expenses that come with owning part of a company. Leveraged silver contracts might be the way to go. Pure, unadulterated exposure to the silver price without exposing oneself to rubbish like risks such as mine life, exploration costs, cash burn, rain, flooding, market sentiment, AUD, etc.