silver above 23.00, page-2

Although it my go lower, I had another 1.2 million filled at 4.3.

my analysis and why I am very happy to buy and hold

If we assume the current drilling adds another 5 million oz resource, and assuming an NPV of $3.5 per ounce vs current $23 dollar spot, that puts a value of $75 million. Lets assume a fire sale $5 million dollars for the mine assets that cost 20 million and we have a SP equiv of around 9 cents fully diluted (excludes 14 million cash that would come in from options if excerised

Last time, MMN needed to provide cash flow to pay down debt and acquire new equipment, this time my guess is all we will need is cash flow for further drilling.

I would love to see a put option puchased to lock in some of the future production at the current Silver price. It would really eliminate alot of risk and set this company on a very safe path