okay..I won't pretend to know how the market will react but, I will throw out some back-of- the -napkind scribblings...
based on production costs of $8/oz (probably high) and silver at this very low $9.65 oz gives a value of $1.65/oz
at 30m oz...
300 x 1.65 = $500m divided by 276m o/s = $1.81 SP
let's go to the extreme (I don't think it will be this high, but I can hope)
what if it's 400m oz (again some round numbers)...
400 x 1.65 = $660m divided by 276m o/s = $2.4 SP
If it isn't that high then it will be soon enough. What I think this report wil do is show that they can cnsistently move Potential into Inferred and Inferred into Measured/Indicated. So...if the Potential is over a billion oz we can presume that they will indeed one day prove it up.
This means nothing to daytraders and short-term investors, but I am hoping that some long-term big institution types come to the same conclusions.
IMO you have a few choices with the way things are going in this world...move to cash..buy physical gold and silver...or buy long-term potential companies like ECU and lock in. My plan is a little of all three. I am staying away from small-time juniors with no cash-flow. I think if things got really goofy, ECU could suspend exploration and stay alive on production. I don't think that will happen.
Oh yeah...and if silver goes back to $20+ per oince...well...let's just say that's some big numbers...