Ann: Alcyone Signs $10M USD Silver Purchase Agree, page-2

re: Ann: Alcyone Signs $10M USD Silver Purcha... Wondering what AYN investors think about the purchase price per ounce of silver - "the lesser of US$6.50 or 80% of the prevailing market price per ounce of silver fixing price in US dollars."

"The Silver Purchase Agreement provides that Preciosa shall have the right to purchase an amount of silver equal to 17.5% of the amount of Payable Silver (as defined below) (“Metal Stream”) produced from Alcyone’s Texas Silver Project (and any tenements owned by the Company or any of its subsidiaries from time to time within 80km of the Project) (together, the “Mining Properties”) for an initial term of eighteen months commencing on the Effective Date. Following that period, Preciosa shall have the right to purchase 15.0% of Payable Silver produced from the Mining Properties for the Life of Mine. Preciosa has agreed to pay the lesser of US$6.50 or 80% of the prevailing market price per ounce of silver fixing price in US dollars in cash for each ounce of refined silver sold under the Silver Price Agreement."

From today's ASX announcement.