5 years 15?????no way!!!Ag...phyzz will be 200 plus an ounce...do the math at current production...not considering accretive acquisitions and further exploration and updated NI 4301 at shafter and la negra....We will have negative real interest rates beyond 2016...dollar toast..imo you are way conservative... Regardless ,when i 25 bag this in 2 to 3 years im out and in phyz ag baby...avg price now 65 cent for me.glty...expand your mind...this is not an explorer it is a producer soon to be midtier and in 3 years ...LARGE PLAYER/SENIOR
in 5 years, silver will be 90 bucks an ounce. AUNFF will be producing 25 million ounces. Revs will be close to 2. 3 billion dollars per year. Net income 1.75 billion dollars, or 3 bucks per share. PE 25 no question at a minimum due to the craze, and probably hire. share price: $75 bucks a share
Cash flow from operations was 5.6 million in the 2nd qrt. Silver probably averaged a $2 increase from the 28 average price(2nd qrt) in the third quarter. This quarter...33 to 35 may be a conservative estimate for average prices. Just on La Negra's 600,000 production of silver equivalent... a $5 increase is a $3 million increase.
Once Shafter starts commercial production (3.8 million ozs annually...1 million quarterly) cash flow from operations should move from the 8 Million level quarterly to over 25 million per quarter. That is about $100 million a year.
With accretive acquisitions for stock around Shafter/ Red Hills area as well as La Negra, Aurcana can expand yearly production several times from this current level...with long life mines.