ARD is only the undervalued at the right silver price,
below that, it's not economical, and will never get off the ground.
they only paid $3m for Kempfield didn't they?
and if you picture mining stocks like a big call option on the metal, that $3m was a big out of the money call option on silver
but $43-44 silver is where ARD's delta starts to kick in
might be time start watching more closely
