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4.17%

23.0¢ maronan metals limited

Silver: The start of a bull run?, page-21

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Kipper01

7,856 Posts.

616

05/04/24

10:53

Post #: 73202831
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Originally posted by jogo ↑

MMA has been the most undervalued silver oriented company on the ASX with a significant exposure to silver for some time and so good to see the response to the lift in Ag spot. They had a head start with resources when they listed as a result of exploration prior to the spin-off and now with Indicated resources, I am looking forward to the anticipated Scoping Study soon.
The stars are aligning well with this stock. Ag, Cu, Au are in ascendancy and aligning with their resources.

Based on the 31/12/23 cash & equivalents, I calculate an EV to Silver resource ratio of $0.3/oz. This compares with $0.67/oz for SVL and $1.3/oz for IVR, the two other principal exposures to Ag on the ASX (excluding ADT and S32, which are polymetals). N.B. I have ignored capital development costs for IVR and SVL in order to give an "apples with apples" comparison. I have also used a pure silver resource and not a silver equivalent resource.

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Yep, gotta love this mine! High grade lead and and fab. high grade silver. (and more!)
... Bring it on

MMA Price at posting: 32.0¢ Sentiment: Buy Disclosure: Held
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1 Great analysis

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(20min delay)
Last 23.0¢		Change -0.010(4.17%)		Mkt cap ! $46.28M

Open	High	Low	Value	Volume
23.0¢	23.0¢	23.0¢	$1.15K	5K

Buyers (Bids)

No.	Vol.	Price($)
2	14346	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
24.0¢	16281	2

View Market Depth

No.	Vol.	Price($)
2	14346	0.230
1	33646	0.225
3	56817	0.220
3	113450	0.215
6	89153	0.210

Price($)	Vol.	No.
0.240	16281	2
0.245	7381	1
0.250	111000	2
0.260	8680	2
0.265	50000	1

Last trade - 10.04am 30/07/2024 (20 minute delay)

MMA (ASX) Chart

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