Lets assume that volitility continues in the silver market(not...

Lets assume that volitility continues in the silver market(not looking pretty at the moment). US printing more and more money to pay their debt, silver shortages? worldwide, and hedge funds shorting etc.

One thing is for sure, Alcyone has in place a put option @$27 which guarantees 770,000 oz of ag at $27. Lets put that in perspective, based on what we KNOW.

Startup production- Very shortly
Initial production figures 1.5-2mil oz per year
Put option @ $27 for 770,000 oz
$14 per oz costs

So basically the next 6 months production are paid for @ $13profit = $10mil profit.

We have updated JORC to come plus any upside from the $27 figure will also too be realised.