AYN 0.00% 0.1¢ alcyone resources ltd

price upside in relations to silver price?

  1. 358 Posts.
    lightbulb Created with Sketch. 21
    Just would like to hear everyone's thoughts on this stock.

    Viewing from the technical chart, the upward trends is definitely looking positive.

    Fundamentally, first silver bar expected to be produce in May and revenue expected in June as announced by the company. (Nothing new here)

    I've heard people talking about how the rise of Silver price affects this stock. True, I believe it definitely does, but I believe that's probably after the company goes into full productions.

    The company stated that the operating costs is forecast at approx A$14/oz. Currently, Silver price is around the A$43/oz mark and is still trending upwards strongly.
    Unless Silver price drop enormously, this company is definitely a revenue generating stock.

    Despite mkt drop today, the stock price is still holding up over 13%. For both LT and ST s/holders, I'm sure we are in for an upward ride!
 
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