Alcyone ayn had a market cap of around 160mil based on lesser...

Alcyone ayn had a market cap of around 160mil based on lesser figures than this! The silver price at the time was around A $40 so a fair way from A$23.
$23 mil market cap at the moment for MRV means there is plenty of upside once production targets are met. Confidence that management and staff (many are past employees) know what they are doing and all have learnt from the failures of previous operators.
The key here is meeting the targets and silver price holding or advancing and $A staying low.
Glta