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Re: AAAtrades post# 1741

Monday, 12/11/2017 5:25:19 PM

Monday, December 11, 2017 5:25:19 PM

Post# of 2206
Depends on Timing of those moves vs timing of Mine restart..

If we stay on track and start mining again in October 2018 and lets say for arguments sake Silver Price hits $20 around same time and then slowly climbs up from there to $50 an OZ. Then I believe the following Prices for AXU would move up as follows.

First level for large AXU price movement will be the RE-RATING we get when we make that next decision in regards of Production moving forward in Feb 2018. If we commit the next $8 Million to building out the Flame and Moth incline we will get the re-rating. (EXPLORER to PRODUCER STATUS) That will easily get us in the $3-$4 range immediately no matter what the price of Silver is at that time...

$20 Silver in 2019 will give us $90 million in Revenue for the year if we are producing 4.5 million oz. My guess we would then be at 6x multiple at this point. So easily $6-$8 range in 2019 IMO. But remember the top Silver producers get up to 10x multiple.. So there is some wiggle room to be had to the Plus Side...

Every $10 rise in Silver price adds $45 Million to the bottom line for the first 3 years of production..

$30 Silver Gives us $8 - $10 ($135 Million Rev per year)

$50 Silver Gives us $14 - $18. ($225 Million Rev per year)

Don't forget once Bellkeno runs out of pay dirt, the Reclamation Biz will be spun-off into separate Co. shortly after. Which should add to the Share price prior to that happening as well..

Just rough guesses IMO.

GLTA Waiting Patiently for Feb '18 news !