Ann: Operations Update , page-11

Just my thoughts......

Here is my worst case scenario
Assuming they only maintain 120,000oz/yr for the next 5 yrs and their costs are $15 per oz at an average price of $31 per oz they will make
120,000*5*(32-15)/235,000,000shares = 52c/share

Most likely case scenario in my opinion
Assuming they achieve 20% more ie 144,000oz/yr for the next 5 yrs and their costs are $13 per oz at an average price of $35 per oz silver they will make
144,000*5*(35-13)/235,000,000shares = 81c/share

My Best case
Assuming they achieve 170,000oz/yr for the next 5 yrs and their costs are $13 per oz at an average price of $40 per oz silver they will make
170,000*5*(40-13)/235,000,000shares = 117c/share

Certainly seems to be an over-reaction at this point, however, further clarification and explanation is now required from the company.