Ann: Announcement - Execution of Term Sheet for purchase of TTR, page-38

"As seen over the past 2 years, it's very risky to base a set of parameters on the 'best case' scenario. I would have expected some sensitivity analysis would have picked up the risks involved but they seem to have been negated, or ignored."

They extracted a lot more gold than they predicted from Mt Boppy. The main problem was their plant couldn't process the ore fast enough to make it as profitable as it could have been and they took a long time to adjust the rig to get it pumping enough tonnes. Humans learning the game?

I don't think a silver price of $22 USD and $1 diesel is necessarily "best case" either. It is just the reality of mining, you will find yourself in situations where the price is unattractive for the ore you have, and if costs increase drastically like they have recently then it is a double whammy. This doesn't just impact MKR but all miners, many will not be able to handle the current situation.

This idea that silver is the only commodity that can decrease drastically in price, whilst real inflation is bordering on hyperinflation, whilst world vaults are being drained of it, is just ridiculous. They can't keep these stupid silver games going for much longer and that is why intelligent people have such positions with silver exposure.