MKR 5.88% 3.2¢ manuka resources ltd.

MKR: The Best Silver/Gold Play on the ASX., page-8

  1. 512 Posts.
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    This is what the old mine produced at back in 2015 against a low silver price of around $20 aussie which got them into trouble..

    https://hotcopper.com.au/data/attachments/2368/2368311-51a3ba83e7834e41398f46333efd0056.jpg

    so they are able to produce at call it $20 an ounce...

    the Silver price is currently $40 an ounce and going much higher...

    They have a plan to have 2 mill oz of silver per year through that mill for the first 5 years.

    considering they have 52 million oz, if that could be done with the total resource we are talking 52 mill * 20 (margin at current price) = 1.04 billion / current issued capital would give you $5.38 per share.

    Do your own research

    https://hotcopper.com.au/data/attachments/2368/2368325-015970d3dd125fb534cc639fa669da79.jpg
 
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