Based on our market cap of $361 million and our market cap per ounce silver equiv of 1.26, this infers we have 286.5 million ounces silver equiv. I guess this is how much we have dropped since the NI43-101 which was 431 million ounces silver equiv. due to higher silver prices vs gold, lead, and zinc.

It looks like ECU has the 5th lowest market cap per ounce. It has been my opinion that ECU has alot more silver to be discovered vs the average miner. Many miners have discovered most of their high grade and further drilling only finds un economical grades. ECU's veins by comparison are open at strike and depth and grades and widths continue to improve at depth.