AYN only need approx 15% to get into full production. They are doing a reduction of cut off as we speak which will dramatically change the JORC resource and final reserves.Thats without past 12mths results. Approx 56 mil ounces was announced a few years back by macmin. AYN has already found several more good grade deposits/extensions. Only around the corner from increasing resource. See how they compare next month. Another note,ARD do currently have more Silver but is there a guarantee its going to be mined? Funding,price of silver in 2013/2014. AYN estimates $14 ounce costs to end product, which may reduce as the mine progresses IMO. If Silver happened to hover around $25/ounce in 18mths - 2yrs would ARD get the funding? Would it be viable compared to an AYN who could be getting an end product for around $10-$12/ounce? Many more scenarios and I believe there is great potential for ARD so I might get in later in the year,but there are a few things to way up.
My opinion of course.
Scorp
Scorp
ARD Price at posting:
25.5¢ Sentiment: LT Buy Disclosure: Not Held
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