Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-14

Well in those rough calcs I used 800000t/year vs supposed capacity of 850000t/year and just under their reported grade. I think that is about "average" expectations of what they could produce from the initial stockpile and the better in ground material. Of course things could happen that derail the operation but I would assume since they have been doing this for a while now they have things pretty dialed in and know the areas of weakness (including long lead times on certain parts).

No one really knows how much silver is going to "snap" into its more realistic price but personally I think it is conservative for US50 average for 2022. They are probably going to need US200 to get another 20% mining supply within 3 years. It is also hard to know how hard inflation is going to hit us, so US200 may seem like chump change within a year.

It is a good time to be invested in a small time miner that is already running and now somewhat experienced with the situation that has been evolving. Compared to some of these developers that may be stalled due to lack of materials to build a plant or the possibility of financing complications due to economic turmoil. We have a company that can simply process stuff today, already has stockpiles of silver and gold waiting to go for the next 9+ months and is ready to be the biggest silver mover on the ASX in the coming months.