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Re: mick post# 610

Thursday, 11/22/2012 1:29:11 PM

Thursday, November 22, 2012 1:29:11 PM

Post# of 1374
>this is a big silver company. <
It would be more accurate to say this is a small silver producer with the ambition and high potential to become a big silver company.

Velardena even at 4 million AG equiv per year production won't be enough to cross the big silver hurdle. I think somewhere around 10 million oz per year production would be the threshold for big silver. Not sure where future growth will come from but visibility on this should improve over the next 1-2 years. It could come from El Quevar or from one of their promising properties in Mexico that they are planning to drill or from another acquisition a la ECU. But I think this company has the caliber of management needed to get Velerdena to 4 million oz and to then to grow the company beyond this from a second project.
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