the way is see it, page-2

I dont understand your thinking mate. They are guaranteed $33.77 ozzy/oz for 700,000oz from Jan 2012 which is only 1/3 to 1/2 of what they are going to produce p/a. For eg thats approx the first 4-6mths of 2012 production. After that if Silver is $40+/oz they get $40+. Whats the problem with that? When you take out the $15 cost per oz thats $13.1m before taxes etc for a handfull of months. Throw in all the exploration they are going to do and i can only see major upside.

Maybe i'm blind or stupid but what is the downside risk in the short/medium term? The plant/leaching is going very very well


Scorp