Don't you think that with the price of silver and the size of this company's resource that it's cheap anyway? If silver keeps running or even holds where it is I think the shareprice has got some to go. IMO.DYOR. In effect, after the capital return, you're getting all of what it's got for 15 cents a share or a market cap of 12 million. A 31 million ounce silver JORC resource that is with 65000 ounces of gold and 261000 tonnes of zinc and lead.
SVL have a 10 million ounce silver resource and they have a market cap of 34 million.
AYN have a market cap of about 68 million and they have a 15 million ounce silver resource albeit due for an upgrade.
All companies think they have exploration upside.
A chartist mate of mine reckons ARD looks very strong on the weekly charts. I think if the other silver stocks keep going this one is bound to follow.
ARD Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
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