28 cents is very close to what I have calculated...Based on annualized production of currently 7,850,000 ozs., a price for the silver of $35 and a 42.5% profit margin like last quarter, fully diluted earnings per share would be 27 cents.
I would certainly like to be pleasantly surprised, but think the stock price will follow silver and experience multiple compression if silver falls below $32 such that $15 per share is still a possibility this summer and present a GREAT buying opportunity.
Only in your knucklehead world would silver ever hit $15 this summer or any summer in the next 10 years.
There have been some stupid posts on this site but yours comes in on top. With Greece going on and certain to come back for more cash soon, Italy, Ireland, etc, the Euro as we know it will fall sooner than you think.
Oh yeah, QE2 is also ending tomorrow (who's gonna buy our debt again)? The printind press won't be out of commission long. Oh, and the debt ceiling vote in August with no give on either side.
You are a twit... please provide further posts on the twit message board.
No doubt $15 would be a bargain and under that a steal. Under $10 would be highway robbery with diplomatic immunity.
AG has $5-10 maximum possible downside and $25-50 upside with silver in the sustained $50 range.
What more could you want in ANY company, much less a silver miner - DOUBLING PRODUCTION in the near term, exploding cash flow and cash on hand, low capex expenditures, Grade AAA mgmt, tightly held stock (I know mine is), good juridiction, I could go on.