I have to say this is one of the best, if not the best annys ive ever read for any of my shares.
Cannot fault any of the agreement. An ave of $33.77 ozzy per ounce for the first 700,000 ounces poured from Jan 2012 is a very good deal. Even though i expect Silver to be a few bucks higher, this is a guarantee at a some what rocky time for markets. The 3rd and 4th qtrs of 2012(or thereabouts) will be unhedged and thats when i expect Silver to be $45+. Why this hasnt put a little rocket up AYN'S price i'm not sure. The agreement gives us $1.50 more than current Silver price. Many were happy when Silver hit $30 at the beginning of the year and now we are going to get almost $4 ozzy more for the first half of 2012. Plus $3m for exploration for 102k of Silver.
Do we need to remind the market we are the only pure Silver company in production in this country and are basically debt free. With a cost of around $15/ounce to produce the bars, this is a real money maker. Toatally undervalued and IMHO should be trading between 10.5c and 12.5c right now.
In my opinion only a huge huge buy.
Scorp
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