Sorry, Barwil, I don't quite understand those numbers. Are you sure it's SLV you're looking at??
The latest Quarterly read exceptionally well. During the quarter, the Aquarius joint-venture Chromite Tailings Retreatment Plant (CTRP) had its best production to date of 1,587 ounces of PGM’s at a basket price of US$1,099 per ounce - that's better than the physical price of platinum itself!
What gets my juices flowing, though, is the Everest North deposit with its Inferred resource of 4.2 million tonnes grading 5.87 g/t (Platinum, Palladium, Rhodium and Gold), for an Inferred resource of 796,000 ounces of PGM’s.
Its a bit simplistic, I suppose, but multiply 796,000 ounces by let's say, $US1,000/Oz, and divide by the number of shares on issue (98m), and perhaps you'll appreciate my enthusiasm.
SLV Price at posting:
0.0¢ Sentiment: None Disclosure: Held
