AYN 0.00% 0.1¢ alcyone resources ltd

ayn cash producer due to huge profit margin, page-4

  1. 3,992 Posts.
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    Actually Steini at the time you posted Silver was actually around $33.40 ozzie, so thats a profit of about $18.40 ozzie which the company will be selling not US. dont get me wrong thats close and very good obviously. I do expect Silver to rise over time but not like we saw in the earlier months of this year. I expect it to trade between $37 and $42 ozzie during 2012. I could be wrong but still think those figures are quite achievable. As for share prices a range between 20c and 28c is possible. 24c is my target for the back end of 2012. Could be well into the 30's if Silver performs better than my expectations, and we pour more than 1.5m ounces. Dont forget further drilling for Silver and Copper etc. I still expect AYN to have a mineable copper resource within the next 2-3 years too.How big i'm not to sure atm.

    All my opinion only.


    Scorp
 
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