Very quiet here so I thought I’d post my thoughts.I have bought...

Very quiet here so I thought I’d post my thoughts.

I have bought into this because to me it looks like:

• Other silver miners on the ASX started to move around this point in time as they got nearer to production (aided by rising silver prices).

• Silver was around $16 when the project was started. It’s now in the low 30s after a pullback and if some are to be believed it’s destined for triple digits. Share price doesn’t seem to have corrected yet for the higher silver price. I was particularly encouraged after watching this video found in the silver forum recently regarding silver and China -

http://www.youtube.com/user/PressTVGlobalNews#p/u/21/i_P00geLNsk

• Revised resource estimate due after December drilling has finished and DFS due early 2012 – positive announcements?

• AYN currently has a market cap four times ARD with a similar annual target of 1.5-2Moz and a shorter mine life of 7-10 years.

• It looks like it could be a good entry point as the SP might be at the bottom of a channel. Could a technical trader confirm this?

I am here to learn (very green) so would be happy to hear others thoughts and opinions.