siameseparrotJust re-read the section. That's clearly what it...

siameseparrot

Just re-read the section. That's clearly what it states.

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Valuation Summary (FullyDiluted)

Silver Price

As the only ASX listed pure silver developer to have commenced production, AYNs valuation is highly geared to the prevailing silver price.

In the table above we have included upside valuations based on commodity price increases. At a silver price of US$50/oz we value AYN at A$0.18. If the price increases to US$75/oz our value increases to A$0.28.

In late 2010, AYN purchased PutOptions at a strike price of A$27/oz to cover approximately 770,000 ounces of production. The options have the effect of creating a floorprice of A$27/oz and cost A$1.5m.