For the last few days the % increase has far outstripped gold, meaning the silver to gold ratio is improving yet silver is still the most undervalued asset on the planet.
So going back to my numbers in another post, based on the existing PFS reserves etc. a 25% increase in the silver price adds $22m to the NPV. We are now at an 19% uplift with silver hitting USD 18.32 overnight. That is an NPV uplift of $16.7m already.
If we factor in our back of the envelope calculations for the Met results and the Reserve Upgrade this number increases by a further 216% to $36.11m.
That is >150% of our current MC right there!!!!!!!
