The price of silver has little relevance to a company that isn't producing any.
That is not true. If so, all gold and silver explorers would be at 0$... AUMN has lots of silver and gold in the ground, which belongs to the company. Right now, the validation is as follows: " just $0.20 per silver equivalent ounce with the company's $30 million in cash and equivalents backed out. This in itself makes the stock extremely compelling." (according to yesterday's seeking alpha article about AUMN)
This is too damn low. If you believe in the metals, then we will see far higher prices here. Zero debt. Good resources...over 10% shorted.... Good stuff....
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