valuations, page-12

Absolutely ciorrect Chawkey.

I've never heard of a successful producer trading on a PE of 3 to 4 for a few years to prove themselves as the poster suggested!!

I'd like to know where he has seen that on the ASX.

The keys for AYN are:

1. Most important is successful silver production near the budgeted cost and budgeted amount of silver to be produced.

2. Exploration upside - from my reading AYN should have serious upside here.

3. The rising silver price. Let us not forget that silver spiked to US$50 in 1980. That spike in true inflation adjusted terms is around US$350 today. (See shadowstats.com) I'm not saying silver will necessarily hit US$350 this time around, but I sure expect to see it comfortably in three figures.

4. Finally the mania stage of the boom where equities lose all touch with fundamentals. This will imo be no different for AYN, assuming it is meeting budgeted silver projections.