AYN alcyone resources ltd

silver

  1. 347 Posts.
    So, in 2010 AYN announced that their maiden JORC comprised of 10,192,000 (OZ) at Twin Hills and 4,917,000 (OZ) at Mt Gunyan.
    That's 332,000,000 (OZ) or there abouts.

    Physical silver is drying up and in hot demand, reports put silver at a possible $1,000 (OZ) in the next 20 years and a double or triple in current levels short term.

    Their JORC is worth at $22 per OZ $332,000,000 surly someone will back them and fund what ever needs to be fixed to get mine operational.

    Even if it costs $12 per OZ to mine, that's a healthy return on the suggested $10 m to get things running again.
 
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