Silver value re share price
in response to
by
posted on
Jul 21, 2011 06:08PM
First, I believe (and hope) your low estimate of 1M oz Au is way, way too low. Try 3x to 4x your estimate. Also, today's News Release stated "Assay results for silver ("Ag") have also been received and indicate low, but consistent, concentrations typically ranging between 50% to 150% of gold values." The word "values" needs clarification for me. For example, if Au comes in at 3 M oz, what is "value" of Au? Are we thinking "gross value" or "net value?" Somehow it seems to me that the potential "value of silver" has been overlooked by most. In any event, the share price of Probe is way undervalued, IMHO.