PMY - Leverage to Silver Price increases, page-17

Great accumulation at this level, it's clear we have a new base formed with the MRE around the corner followed by numerous catalysts resulting in a potential rerate.

When we released the initial PFS earlier this year, we did not have any coverage or backing behind us by a firm/brokerage institution, yet we did have a small spike with the initial market reflecting on the margin of profit we could be producing at.

Throw in these new metallurgical updates, with higher base and precious metal prices, exchange rate favourably benefiting our project etc. It's exciting to realise the extent where we are. + the cash position allowing us to further drill these targets and close proximity extensions to our resource while also subtracting any risk regarding a future cap raise until at least June/July 2020 as we don't have any exhausting acquisition payments etc etc.

Don't forget this is a JV with Henan contributing 25% of costs for everything we currently do (Drilling, PFS works, MRE works, CAPEX in the future etc)

An exciting period ahead, with the majority of firms or larger players most likely looking at taking a position, if they see the value aligned with us holders anyway. Throw in the top 5 HNW holders reputation around the industry and it seems like a recipe with the key ingredients sitting on the benchtop, waiting to be mixed.

Just my thoughts anyway, let's see how we go.