Martis, how did you come to "40 million a year profit"AYN has a...

Martis, how did you come to "40 million a year profit"

AYN has a low grade, small resource. AYN currently have a 4-5year mine life with the hope of extending to 7-10 years.

Miners use this "cash cost" term to bluff investors thinking the rest is "profit". Cmon Martis, you've been around the block a few times to know this "profit" stuff is rubbish.

"Cash costs" are production costs only - dig, process, smelting,refining etc etc

Cash costs EXCLUDE exploration/mine depletion, development, taxes, timtams, admin costs, financing, royalties, depreciation etc etc

Those extra "costs" is the difference between reality and fantasy.

AYN had $1.5m cash last quarter. Lets see how much that figure has grown bearing in mind the loan for exploration. You'd have thought that "profit" would pay for exploration!



"AYN could double very quickly "IF" this occurs"

Only double now? My response was to 80 cents not 17.5cents.

Too many IFs. If you want leverage from silver, trade silver on leverage not some over priced expensive minnow. All IMO of course.