Again its an Enigma. S32 is a mature producer, with Cannington as a primary mine but lots of other metals in the s32 mix, so its hard to get a fix on the market value placed on the Cannington silver/lead project..
MKR is often quoted among a list of junior silver DEVLEOPERS - SVL, BML, IVR, ARD, MMA, RDM, TMZ etc. But because it has operational processing plant and is actually producing from tailings already is not really a Developer either, so it does not really fit there either. Accounting for the replacement value of the plant in cash makes MKR a better comparable to these developers, but that's not prefect.
Not sure how you could put MKR in a S32 category for comparisons either and get anything meaningful to use. Maybe there is a silver producer in the USA, Canada, Latin America that is a re-purposed mine that could provide a better comparable? There certainly are more potential MKR types when you look os.
V
MKR Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
