macmin - huge potential, page-2

Thats a coincidence phil, I did that (posted) yesterday. Haven't got time to give it much thought atm but from memory current mine life is only about 5 years, so that would be more than 5m oz pa. I believe anticipated reserves after further exploration is around 100m oz, which would perhaps give a mine life of 8 years? Not that I would have a clue :-) But under these circumstances a pe of 10 would make no sense, it would need to be lower imo.
However as you say a higher silver price is certainly possible. At this stage anything could happen, up or down.
Don't forget about ngg, could be a bonus there
cheers
Rod
cheers
Rod