first production, page-52

re: bmo produced more silver than this dog yes, good post thankyou

So I suppose this means that if there were no change in the price of silver then MMN is correctly valued. As you say should the POS improve then so would we at a gearing I suppose of say 2:1 atleast at the start.

It seems OK but not that good....really not much improvement on physical silver where you don't have to pay tax on you capital gains...so I heard anyway.