hard to say really because valuations change dependent upon the individual methodology for pricing, as well as the fluctuation in Silver price, and the throughput of the mine headgrade relative to outstanding shares and recovery percentages. Some use direct revenue vs. O/S.

All these factors can contribut to different ways of evaluating what share price should be.

Producers and explorers get evaluated differently due to cash flow from the producer, relative to a valuation for ounces in the ground for explorers vs. O/S

It is therefore very difficult to establish specific valuations that the market is going to meet based on your parameter; the best thing you can do is establish a price goal where you sell and stick to it guaranteeing you a probable return on your investment instead of chasing a moon shot for every investment.

Hope that helps, GL,

The board is shaping up nicely with some good posters. The eagle will do just fine me thinks.