In october to december 2010, Silver was at 25$-30$.
AUMN announce 66M silver ounce in Argentina.
Price zoom at + 28$ (We've got a double top in Nov and Dec 2010).
Now, AUMN is ready to announce 90 to 100M silver ounce in Argentina.
But now Silver is at 46$ !
66M X 27.5$ = 1.81B$
90M X 46$ = 4.14B$ (2.3 More)
AUMS PPS ?
28 X 2.3 = 64.4$ (Should be the top of the new run)
This will give a market cap of 1B$.
Jan 11, 2011
Micon International Limited ("Micon") used data from 168 drill holes from the Yaxtche deposit in its August 10, 2010 Canadian National Instrument 43-101 ("NI 43-101") compliant resource estimate. The Micon resource estimate reported 8.9 million ounces of silver in the indicated category at a grade of 310 grams per tonne, and 51.5 million ounces of silver in the inferred category, at a grade of 336 grams per tonne of silver.
The Micon resource estimate was constrained in that it assumed a minimum three meter mining width and capped the silver grade at 3,000 grams per tonne. Micon will prepare an unconstrained global resource estimate, based on the same data used for the existing resource estimate. In addition, the Company plans to update its NI 43-101 resource estimate with additional drilling results during the second quarter of 2011, following receipt of pending and new drill hole results.
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