I wouldn't want to venture a guess re: what the stock price of PAAS would be at silver prices of such high levels. However I do hold opinions as to what the stock price of PAAS would be if POS reached $5.00 and 5.50/ounce. Both of those POS possibilities could most definitely occur before the end of this year, given current trends and charts. Not definite but definitely possible. In the past, at a POS of $6.00/ ounce, PAAS stock price has been at $10.00. IMO, the price of PAAS could definitely hit $10 with a POS of $5.50, given the companies much improved costs of mining with the current properties. I would also anticipate a share price of $7.50 when the POS reaches $5.00/oz. IMO, at a POS of $5.00/oz, PAAS is profitable. Every penny increase in the POS above that is like 9 million pennies going straight to our company's bottom line.
What we really need is for more new money to come into the PM mining sector. If we get enough demand we could see PAAS at a multiple of today's price even if silver remains below 6. Just look at a chart of the NASDAQ in 1999. CRM