Assuming a price of silver of $32 for 2011, we should make about $2 per share. That would give us a forward P/E of about 21. That is not bad for a growth stock. Assuming the same silver price, the earnings in 2015 would be $3.20 per share. Of course, every dollar up in average price of silver, increases earnings by about 7.5c. If you believe Sprott, this stock will make an insane amount of money.

I bought near the low in late January, so I feel good about this.

Bob