Ann: Quarterly Activities and Cashflow Report, page-21

Things seem to be going along nicely, understand a couple of posters are a bit upset with delays but imo it is a blessing in disguise, waiting a few more months has given the silver price an opportunity to finally have its run. This will give management even more leverage for off take and finance type discussions. While they may use long term average prices in most cases, it still adds to sentiment and will affect these deals and give us the best outcome IMO.

This quarter will see some huge re-rating type announcements come in which is great.

What stood out for me was appendix 2 and what prices they used for the calculations.

lead was $2095usd/t and silver $21.1usd/oz

current prices are around $2370 for lead and $24.5 for silver. And many would say these are still undervalued. So imo you can add at minimum another 10-20% gain to all the economics in the announcement for true value.