Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-44

I don't think a profit of 1.5M for a quarter of silver mining is high at all. Making 6M in revenue to eek out 1.5M profit isn't exactly value proposition here especially in a risky mining operation during this crazy time. And it is not just me that believes it gratton44 does too who is way more negative about MKR than I am and we both came to the same conclusion by looking at the numbers that are available to us. I advise you to do the same to get a better idea of the costs instead of using gold mining costs to figure out silver mining costs as it looks kinda foolish from where I am sitting. FWIW if silver is $50USD then they are making 7.5M profit per quarter, you can see that jump which makes it much more attractive and is just based on a non silver squeeze outcome.

But if you want to think mining costs are $200 per tonne for silver we can just agree to disagree and move on to more interesting points. If MKR were making 1.5M per quarter on silver does that change anything for you in regards to investing in them if silver price is still 25 USD? Because if I thought silver was staying around 25 USD I wouldn't be investing any more into them.