Yes Midas-from your point of view my pricing of First Majestic seems ridiculous- But is it ?And exactly how do you vouch for the price of more than $18 dollars a share ? profit margin ? The high profit margin is the nub of my analysis -It will prompt the opening of larger and newer mines which will promptly burst the speculative bubble of silvers worth and price -I do notice the trading patterns of silver producers and the huge percentage of trades of the minimum board lot of 100 shares( !!!!!!!).This tells you the speculators are trying to control the price of silver and not the natural users ! The natural users of silver will prevail over the speculators of silver - In a nutshell- utility versus speculation- the real versus the unreal.