It really does come down to the price of silver in Aussie...

It really does come down to the price of silver in Aussie dollars.

We still have to fund the capital works of around $250M. Will this be part equity part finance.

I would like the shares to be higher if we are to use equity. Say at 40c we raise $180 with equity and the balance is financed (depends on terms). This will get our SOI to around 1600 million.

To reach $10 we will have a market cap of $16billion and need to be making $1,600M in profit. Using a P/e of 10 Which means we would need to increase production from 6million oz per year of to say 10m and we would need silver price to be over $112/oz US.

I just don’t see it. Not unless production increases and the price of silver explodes. I mean is $112/oz highly unlikely??

Where as I do see us getting to $1-$1.50. If things go well.