I think all the juniors are in the same boat more or less. ECU Silver will go higher no doubt but relative to its peers its probably priced where it needs to be. 62k AU equivalent ounces produced is nice but at a $200MM mcap, that is priced reasonably. Just look at Gold Resources, one of my favorites. They will be producing 200k ounces in 2 years and their mcap is $600MM. So its 3x the mcap, and slightly more than 3x the production. Plus Silver plays just don't make a lot of sense (with the exception of SLW which is the only silver play I would own, and do own).

62k ounces is about where most the silver juniors are at and that's just not much to get excited about. If Tyhee can come up with a plan to produce at least 160k ounces a year they are gonna be in the big leagues (just like Western Goldfields before they merged with New Gold).

Check out the Gold Resources presentation. They make a compelling argument for $40/share price.

http://www.goldresourcecorp.com/presentation/company/player.html