Just a point of interest Argoz. Your 400 million silver eq. ounces for ECU which translated into $2.20 US per share for ECU based on the lowball and hostile MAG bid would be about $2.72 per share in Canadian dollars.

I can't see Penoles being successful in their bid but stranger things have happened. In fact some in the ground silver price valuations just a couple of years ago were over $4.00 per ounce.

Heard today that the new ramp is close to level 19 now and soon access to the lower levels will be very easy for increased production. Many people forget that ECU has over 20 Km of existing underground development plus very large bulk mining potential in the Santa Juana Mineralized Corridor as well as very high grade veins. It would also be easy to start mining Chicago high grade veins as with San Mateo.