All this tremendous potential with no results in the share price has got some anxious and ready to sell. IMHO this is when I gobble some more shares up. Okay, I am no pro and in fact just a small potato investor looking to position myself for this soon to be bull run, BUT I am convinced through my DD, and formulations (Shares/M&I oz. + cash cost/M&I worth = price per oz. * [*still working on the perfect formula] ) that this certainly can double in share price by year end.

What were really banking on is the news of pre-feasibility study being positive. Considering they've purchased mine&mill equipment to up production to 800 tons p/d that tells us they are confident the study will be optimistic.

So where does that put us? Crunch the numbers and this is what I got.

Presently

Indicated - 142 g/t or 4.58 oz

mine and mill capability 150 t/d

142 * 150 = 21300g (659 oz) per day

300 days of milling * 659oz per day = 197,700 oz per year

197,700 * the price of silver (say $20) = 3,954,000 (gross income)

2009

even with the indicated staying the same @ 142 g/t

multyply that by the new and improved mill at 600 t/d (at the least)

= 2748 oz. per day

doesn't seem like much? Say the mine operates 300 days per year. That's 300*2748= 824,516 oz per year. Multiply that by the price of silver , say it's $30 an oz next year, will give you a gross income of $24,735,480. Now subtract the cost(s) and you have the value of the company for that year.

Eventually, production can go even further up I would hope. If not, this mine will have a life of nearly 20 years. Feel free to comment on my numbers as for I have only grown interest in this sector within the past year and consider myself new to the game.

Is $24,735,480 consider good Gross income?