Well, a few things to address!
1. the claim that ARD is the second largest Australian undeveloped silver resource is factually wrong!
2. About 1/3rd of the resource upgrade is due to the cut off grade reducing from Ag 60g/t down to Ag >15g/t.
3. This has resulted in an increase in silver and silver Eq oz but at a lower inground value for the resource on a value per tonne.
4. The value per MRE ton (AU$ spot) has fallen from A$114/t down to A$88/t making ARD the third lowest value of the companies I follow.
5. Only MKR and SVL have lower values. SVL has the lowest strip ratio of all companies on my list that have published them at 1.6.
Comparison of ARD latest resource against the prior resource. Prior resource is in the 3rd column.
Comparison of the top 3 undeveloped silver resources in Australia today, that I am aware of.
Ann: Significant Silver Resource Upgrade over Kempfield Deposit, page-20
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Last
1.8¢ |
Change
0.001(2.94%) |
Mkt cap ! $25.26M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.7¢ | $16.96K | 976.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 6966398 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 631136 | 2 |
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| Last trade - 15.57pm 04/10/2024 (20 minute delay) ? |
| ARD (ASX) Chart |