You just have to remember that from this point right now August...

You just have to remember that from this point right now August 3rd, to when they finish this silver stockpile the silver price matters greatly to their plans. If silver is $50 USD through this point then they will have many millions in the bank even after paying their loan. If silver price stays around where it is now then a small profit will likely be made and they are in the same position they are right now just with no clear ground to mine. Though the gold at Mt Boppy looks profitable even at these prices and costs but who knows what 6 months will bring?

Some people think it is the right CEO/Director/whatever you need, but MKR are at least competent in what they are doing. They just need silver price to go in their direction and they will look like geniuses. This is what people like @Gratton44 don't seem to grasp. When the price of the thing you are mining is terrible then you will look terrible even if you are a 200 iq genius doing the best with what you have. Clearly MKR aren't always doing the best with what they have, the last quarter indicates that but you expect this from Australian companies, it isn't unusual it is the norm. The IPO didn't say "we can make good money off $18 silver and $2 diesel, it said $22 silver and $1 diesel so you have to fudge those IPO numbers +10% to get to reality in the first place and we are still far from it. From the numbers I calculated recently with the higher diesel they need around $27AUD silver to make a profit off the stockpile and at around 80-100K ounces per month. Silver price is currently $28.86 AUD and they are apparently getting around ~90-144K ounces per month now.

If you know where silver price will be and when then you know whether to invest in MKR right now or not. Because if the price move happens within the next few months you will be making many multiples off any investment you make right now even with a modest silver move. And if price doesn't move for another 12 months at least you can probably expect prices around here to 30c until who knows when. As it stands the capital MKR have exceeds their current market cap so I think the risk is quite low compared to some developers that have only paper claims to silver yet have excessive market caps.

Even if silver moves some of these silver developers are going to have a very hard time getting their operation running and the cost blowouts will be huge. This applies to all such companies around the world and also helps build the case for the silver fundamentals that many of us here are aware of waiting to see play out.