Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-37

If you read the IPO document, the 75g stockpile of silver that's waiting to be processed is lower grade stuff than they will be processing after it. They have 10 million ounces of silver to be mined at 100g/t , higher than the stockpile. That is about 5 years of operation, and I expect that extra 25g/t compared to the stockpile to carry any mining costs which should still see them making 1.5M to 1.75M profit per quarter off silver for the next 5 years (@ $25 USD per ounce and 0.75 AUD to USD).

So for the next 5 years I think they have a steady operating case at least and shouldn't need to do any more CR. Is that the most exciting news for us investors? No not really but I don't think anyone reading here thinks silver will stay as low as it is now. I also expect AUD to be about 0.62-0.66 USD by Feb 2022 which will help slightly too and maybe push the silver quarters to 2M profit at $25 per ounce.

If you think silver is going to go on a tear within the next 5 years it is hard to not see that MKR will be Australia's largest silver producer whenever it does happen. And seeing as this is nearly the lowest price since the IPO I feel like there is way less risk now than then as we are closer to the PM breakout. Hold on to your hats boys.