AI
Wednesday, April 20, 2011 2:47:49 AM
Lowtrade, I don't get your point here.
AUMN control 100% of the El Quevar mine (North ouest Argentina). (+ Huge property in Mexico and Perou)
There is 100 to 180M Silver ounce there (High grade 335g/t, industry average 50 to 100g/t).
100M X 44.5$ (Silver price this morning) = 4.45B$
Now, cash is necessary to go ahead with the mine building.
350M$ Market, 120M$ Cash, 15M Float and 4.45B$ Silver in the ground, sound good to me.
There is no earning because they don't produce.
AG was not producing 2 years ago....Look what happan since then....
AUMN control 100% of the El Quevar mine (North ouest Argentina). (+ Huge property in Mexico and Perou)
There is 100 to 180M Silver ounce there (High grade 335g/t, industry average 50 to 100g/t).
100M X 44.5$ (Silver price this morning) = 4.45B$
Now, cash is necessary to go ahead with the mine building.
350M$ Market, 120M$ Cash, 15M Float and 4.45B$ Silver in the ground, sound good to me.
There is no earning because they don't produce.
AG was not producing 2 years ago....Look what happan since then....
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