X, the 15/15.5c level are resistance levels. The breakout I refer to is the breakout from the descending triangle which has been forming for a number of years. A close above 14c will confirm the breakout! Target from this breakout is 26c ish!
N, I think MMN require a sustained silver price of $6 (AUD$9) before they will give the go ahead for the mine. The breakout for silver overnight has a minimum target of $5.55 and if gold was to hit around $430, silver would have to be over $6 just to maintain the 70/1 conversion rate to gold.
- Forums
- ASX - General
- MMN
- mmn to surge today!!
MMN
macmin silver ltd
mmn to surge today!!, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)