silver through $25 aud, page-11

MJ I like your thoughts but a PE of 10 is generous the Cobar. I think 5 would be more around the make. As they may not even get 10 years out of this current mine. But even at 5 it's still another $10 to mkt cap for every $1 increase over their breakeven.

I thought their plans forecast to process the silver at a cost of around the $16Aud an ounce mark, but currently they can't be around that otherwise the cash burn wouldn't be an issue at current silver price.