MTB
3.3 million ounces of silver is a substantial amount! Let’s break it down:
- Weight of Silver: If we consider each ounce of silver, it weighs approximately 28.35 grams (since 1 troy ounce is equivalent to 31.1035 grams). Therefore, 3.3 million ounces of silver would weigh approximately:
[ \text{Weight of silver} = 3.3 \times 10^6 , \text{ounces} \times 28.35 , \text{grams/ounce} = 93,555,000 , \text{grams} ]- Value of Silver: The value of silver fluctuates based on market prices. As of now, let’s assume a conservative estimate of $25 per troy ounce1. Using this value, the total value of 3.3 million ounces of silver would be:
[ \text{Value of silver} = 3.3 \times 10^6 , \text{ounces} \times $25/\text{ounce} = $82,500,000 ]
Silver vs. Gold: Although often considered gold’s “poorer cousin,” silver shares a positive correlation with gold prices, albeit with a lag. As gold performs well, silver tends to follow suit
MTB 2m Mkt cap .002c
Market will wake up, upside is enormous
+ Gallium & Germanium
The Kihabe and Nxuu deposits together hold indicated and inferred 2004 JORC compliant resources totaling 25 million tonnes with 3% Zn/Pb and approximately 3.3 million ounces of Silver at Kihabe
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- MTB SILVER 3.3 MILLION OZ'S $2m Mkt Cap
MTB SILVER 3.3 MILLION OZ'S $2m Mkt Cap
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