I will have to disagree with you regarding the relationship between the current silver price and the SP of a silver producer who has only just begun.
The stock will be extremely sensitive to the silver price due to its low production costs and the incremental rise in production amounts after the first bar is poured soon.
All the stats regarding silver demand and supply point to silver going well above $100 an ounce at least, within the next 12 months.
I saw on the inventors show on the ABC the other night, a female Aussie scientist who has perfected the incorporation of silver intp solar panels, where the silve increases the energy efficiency of the solar panel, beter than whats currently on the market. This technology could be ready for market in 3 years time.
This could revolutionise how solar panels are manufactured and will create yet another industry that will have a high demand for silver in the future. Silver and solar energy, what an excellent mix.
AYN Price at posting:
7.6¢ Sentiment: None Disclosure: Held