I maintain a spreadsheet to compare various aussie silver explorers. I have posted it below along with a cut&paste of the prices ARD used in their May 2018 resource upgrade. The proclaimed silver equiv resource grade of 120g/t ARD used in 2018 is now, using today's spot prices results in the silver equiv resource grade dropping by almost 50% to 61.8g/t. Using today's spot prices the silver equiv resource drops from 100M oz down to 52M oz. IVR has their resource up in the indicated status and their grades are 30% higher than ARD but the in ground resource valuations are similar., yet IVR's PM's are valued at 4x of ARD's.
ARD Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
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