mike97 -

I think that the EPS of 35 is too high but the $100 price of silver is too low.

Let's try something very rough and be "conservative" -

Silver at $100.00- $5.00 (cost+) = $95/oz X 40,000,000 ozs. = $3,800,000,000 divided by 346,560,000 shares = $10.97/EPS

At an EPS valuation of 20 (5%) we get a SP of $219.40

This share price will be reached (or exceeded) within 4 years.= (that will be a return of close to 600%). Not shabby for a "major" silver producer.

- panamax