Hi Timbin, I have my doubts if anyone is there either. My theory is they have run the numbers and they havent looked great so they have gone into hybernation mode until silver reaches a price that makes the project tenable.
You would have to think that $40 would have to be a go. Like I have said in previous posts they must have had some idea when the project JORC was defined what it would cost to bring to fruition.
I got in at 14.5c and I have taken a few to many hair cuts from dumping stocks over the last 3 months so I think I will stick this out and hope for a reanimation. The resource is defined if they can come up with an NPV of say $100m at $40 silver price then you would have to think there must be some upside in the SP?
My numbers have no scientific basis to them.
ARD Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)