In Febuary I dared to hope silver would get to $50 this year. I...

In Febuary I dared to hope silver would get to $50 this year.

I got excited when it broke $35 - 7 weeks ago. Today it broke $45 and $50 dollars seems very getable within weeks.

Now I believe silver may reach $100 this year (I recommend anyone listening to
http://silverbearcafe.com/private/04.11/400silver.html
as recommended by Sheeza69 post #: 6625374)

I think AYN is in a good position to ride the silver train.
I have both short and long term positions in it.

The short-term is based more on the price of silver rather than the good fundamentals of the company - I keep a close eye on the silver price and if it continues to rise, this position may become long term.

The long-term is based more on the good AYN fundamentals (thank you siameseparrot for your R & D) of the company rather the price of silver, and it is clear AYN is becoming a SERIOUS silver miner this year.

IN the companies 16/02/2011 update (http://www.alcyone.com.au/images/alcyone---tewae.pdfthe Company) it states:

'... then intends to complete construction and commissioning at Twin Hills during the second Quarter of 2011, and ramp-up to full scale commercial silver extraction during the third Quarter at an initial annualised rate of 1.5-2.0Moz."

So when the mine is up and running, and silver has hit a $100 dollars an ounce, I look forward to buying my first AYN silver bar.

I expect to make this purchase later this year.



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