Brian!
You're absolutely right! I, too, have been quietly accumulating this stock - their ore has been assayed at between 30 and 40 oz./ton, so at, say, even $5.00/oz, that's 30 x $5 = $150, or 40 x $5 = $200 per ton rock!
I'd say your minimum projection for the stock to double on spec is very conservative. I'm also glad they're finally going to open the mine after all this time. When they FIRST announced they planned to go back in some years back, the stock soared from it's shut-down mine price of around 50 cents, to $4.00, before easing back to $1.00 recently.
Now, if you have a peek at its chart on Canada-Stockwatch.com, you'll notice it's beginning to creep upwards on significantly improved volume from a few months back.
I'll stick my neck out to predict it'll be doubling from the current price of $1.60 - $1.65 by mid-May!! And if silver keeps on climbing, that figure should double or triple again. Recall that when silver hit U$8.00/oz back in 1981, the stock traded over $70/share.
And that's the best part - there are only just over 10,000,000 shares issued - wait'll the funds "discover" it! Even at this current low price, there are very few sellers!
Be still, my heart!!!
Good luck, friend!
Harry K.
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