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$15.25 silver futures

Yes I agree it is at this stage just a by product but as you say...

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happy Hippy

5,651 Posts.

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30/07/16

19:12

Post #: 18407931
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Originally posted by thunder54 ↑

Once again they do produce silver but in comparison to the gold production is too small, the silver is simply just reduced to a small credit, you aren't getting much if any exposure, you are better off going with a company like SLR if you are just looking for exposure to good silver credits.

The 2016 full year guidance KRM are looking at producing $950k of silver vs $32mil of gold, the value of the gold is 33 times more than the silver, it's just not giving you any silver exposure, it's a goldie through and through.

I can see what your saying about the grades The Way Linggo deposit does have good silver grades 134 g/t, but it's too small only 2 million ounces, if they make more discoveries of that grade things could definitely change, the grades are really good, but as it stands today it has little to no exposure to silver price apprecition, as a gold project it looks fine to me though.

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Yes I agree it is at this stage just a by product but as you say things could change...it is rich country.
Hard to find a pure silver play. On a larger scale S32 pump out a fair bit but we wont call that a small cap
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