Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-42

Again, you keep using their gold costs per tonne, some of which includes hauling long distances which won't apply to 500000t of product (thats 6 months worth). Also the gold processing is the highest part of the cost, whereas silver processing is relatively cheap in comparison. Once the stock pile is gone it is onto 100g/t product which is 33% higher quality, so I believe that will offset the new mining and hauling costs still allowing them to achieve between 1.5M and 2M profit per quarter on the first 5 years of silver @ 25USD per ounce.

MKR know they can easily make a profit on silver @25USD per ounce for 5 years at least but is that enough to make them a company that's hot? No it's not. We need higher silver prices for that to happen. If you don't think higher silver is coming I wouldn't invest in MKR, who wants a company that only makes ~6-10M profit per year? It is chump change.

The Wonawinta mill MKR owns outright will likely have a replacement cost of 200M-250M AUD by end of 2022 due to the insane inflation happening around the world. This is why I think there is little risk in investing in MKR right now. The inflation is obvious as hell which increases not only the capital of MKR but also the metals they are mining and the market cap right now is about 50% below what even biased estimates would be of MKRs capital if they had to sell up. And you don't have to believe in silver squeeze or other such things to see that history as goldbear keeps pointing out. The silver squeeze possibility just turns the heat onto maximum for MKR, but even without it you're looking at a 3-6x with silver at 50 USD.

If the right circumstances happen this is one of those "once in a lifetime stocks" because it has the "story" potential that gets normie and superann investors piling in, it has the most potential of any of the silver stocks on ASX due to it being the highest producer when it gets started.