Hi Pic!

I think on a market cap basis ECU has come back a long way, even though the share price is still on the low side. The company has issued a lot of paper since those days when it traded above $2. However, once could also make a value observation that the company now owns a second large operating mill and recovery circuit and the company has also proven up a whole hell of a lot more resources, so perhaps on a per-share basis there is plenty of upside here on the bounce.

Also, lets consider where silver was priced back in 2008 and where it stands today. Does anyone on this forum think silver is going back to below $20 anytime soon? Given the history over the last few years I am not ruling that out, but I think there is an upward bias that could slingshot ECU and other silver producers along with it.

cheers!

mike