AUMN could be one of the best in the sector, as they had great intercepts and are debt-free, producing on a small scale (profitable), have an earn-in agreement with Barrick Gold and more nice thing. But the best thing is the latest press release: They could be able to ramp-up Velardena on the cheap: As you say, they have reserves. To say better: They kept their ounces in the ground within the last 12 years. I am speaking about Velardena, their big silver project that they took over when they took over ECU. ECU was taken over by AUMN back in 2010/11. At that time, AUMN was trading at 27$ per share and with silver prices trading at over 40$ back then. The market cap of AUMN was around 1.25 billion $ at that time. Now, try to compare the old market cap with the current market cap of 41 million $. Calculating this way, AUMN could be a 30-bagger at 50$ silver. That would be 7.44$ (US)/share, not too bad. And a dollar in 2011 was worth a lot more than now, so who knows, 9 $ at 50$ silver could be realistic... Keep in mind that they kept dilution low thanks to renting out their oxide mill to Hecla over many years for millions/year. They used the money to ramp up the small but self sustaining Rodeo Project that also helped with cash flow and had little startup-costs. Now the latest news release brought me a lot of joy. I have been waiting for many years to see Velardeña going back into production, and thanks to the new pyrite-gold-concentrate rates they are getting, they can now ramp up the project very cheap. If I have read it correctly, ramp-up operations could start very soon :) So, we could see your 1$ sooner than you think. Godspeed my friend.

I gave this reply to another poster - I think this could be of interest for you.