So, with $3000 gold and $60 silver, in a non suppressed market (yeah, right), I figure AUMN's share price could be somewhere between $79 and $110.
Playing some mind games, what if.. Used 2 methods to figure this:
1) inground value at 10% of market price of $60, 500MM oz resources estimate, 37.9MM shares. Share price = $6 x 500MM/37.9MM = $79
and/or
2) ore concentration 0.1oz/ton Au, 10 oz/ton Ag, gold at $3000, silver at $60, 75% recovery at 800 ton/day, and $100/ton mining cost, P/E ratio 25.
One can dream, can't one?
A happy, safe and prosperous New Year to everyone one the board.
lb