RE:I prefer the russian bear.Silver Bears cost structure continues to rise as the Ruble strengthens and the canadian dollar strengthens against the ruble.Not to mention their FS is based on 19.75 per ounce and even at that price the NPV is just USD 88m.But the main problem here is the debt load.Much of the cash flow they could use for expansion will need to go to debt service.Also don't like any projects in Russia or the fact it has 676,626,179 million Shares.Bayhorse Silver ,Gogold resources and Golden Arrow in my opinion give one best risk/reward......