"Profitable Production......from the Worlds's most prolific Silver Belt" (Headline banner on U.S. Silver's website. )
So, at $12+ silver it appears that we've got a profitable producer. As I've posted my calculations previously, each additional $1 over $12 per ounce in the price of silver should add 10 cents per share to the SP, assuming a P/E of 10. So, really it's all about the price of silver now. USA has done a great job of reigning in costs to make Galena profitable. If you believe that silver is headed higher, then IMO, USA should provide great leverage to the increasing price of silver. Hopefully, in the not too distant future, we'll look back at this .12 SP as the joke that it is.