re: Ann: Argent Proceeds with Kempfield Proje... This is why I...

re: Ann: Argent Proceeds with Kempfield Proje... This is why I am in this and I am slowly accumulating (with any spare cash that I have at hand)...

9.5 ounces of silver with a cash costs estimate of $16 per ounce (after gold credits). Current silver price: US$32.51 an ounce. (Source: http://www.news.com.au/business/markets)

So that is an approximate $16 profit per ounce??? (But I guess that does exclude the capex.)

Yes, I understand that there could be capital raisings, I half suspect it, but I'm also more than happy to share my $100+ million profit (just for stage 1), excluding capex.

The MC is only $9.2 million. They only have 141 million shares. If this does get going like it should, it all will be worth it. I can understand that the long-term shareholders are probably not happy about the delays (understatement of the year???) but I wonder how many of them have actually gone to the meetings and discussed with the CEO/directors what is going on. I dare say not too many.

Anyway, happy accumulation. (It is still a spec but IMO, a worthwhile gamble!)

:-)

PS - I copied the following from the announcement out today.

:>))+,-!+2-/40-+2!%G!%;+)0-/,*!?%2-2!0G-+)!*%15!?)+5/-2!0)+!J>2-!%&+)!\"]!;+)!2/1&+)!F>11/%,!%>,?+#M!

It is the "9.5 million ounce" statement, which I found sort of funny!!! (I'm sure disgruntled shareholders would have lots to say about the jibberish this company puts out! Lol)