GPS you may well end up being correct and this may all turn to...

GPS you may well end up being correct and this may all turn to sh1t, however I’m willing to take the punt and will be subscribing for my full entitlement, comforted in the knowledge I’m backing good people

both my gut feel and my head tell me it’s a good bet, especially in a rising precious metal price environment

Silver looks like it’s about to get going and if it gets to around US$50 to US$60 by the end of this year (that’s about AUD$76 to AUD$92) MKR will be capable of very profitable production

Manuka has estimated that the all in sustaining cost of silver production is around AUD$35 per ounce - you do the math

and Silver at US$50 to US$60 (AUD$76 to AUD$92) per ounce will be just the start of what I expect will turn out to be a precious metal bull market for the record books

very good people are running this company, and Alan Eggers especially is an outstanding geologist and extremely capable director