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3.33%

14.5¢ unico silver limited

all the people complaining are the ones that bought high 50s...

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JabraD

15,516 Posts.

1279

27/07/23

10:37

Post #: 69008652
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Originally posted by binwood: ↑

They paid c. US$10m (with $2.5m staged over the next 2.5 years) to acquire 80Moz AgEq. That is US$0.125 per oz. Their average cost of adding ounces is 27c as per quarterly. So that tells us at this point in time it literally costs more to drill ounces than it does to buy existing ones.

They outlined in the quarterly they are looking for additional bolt ons. So until ounces start getting paid they may aswell acquire ounces + optionality on drilling upside with our cash than drill. The time for that will come. For now keep bolting ounces together for peanuts to move us towards 150Moz IMO. Then we drill extensions and downdip to target 200-300Moz.

Then if silver pops we have the ingredients for upside SP movements to get cracking.

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all the people complaining are the ones that bought high 50s lol

This is doing all the right things, they not gonna just burn cash for the sake of it.

Its time will come, like binwood says, if silver pops plus with everything else they are doing, this could be the perfect storm

USL Price at posting: 11.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 14.5¢		Change -0.005(3.33%)		Mkt cap ! $43.36M

Open	High	Low	Value	Volume
15.0¢	15.0¢	14.0¢	$50.12K	346.8K

Buyers (Bids)

No.	Vol.	Price($)
4	233709	14.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	7999	1

View Market Depth

No.	Vol.	Price($)
4	233709	0.140
2	138966	0.135
2	70692	0.130
2	23693	0.125
1	60000	0.120

Price($)	Vol.	No.
0.155	7999	1
0.165	99587	2
0.170	26100	2
0.175	97300	1
0.185	122983	3

Last trade - 15.33pm 04/06/2024 (20 minute delay)


Last 14.5¢			Change -0.005 ( 3.33 %)
Open	High		Low	Volume
14.5¢	14.5¢		14.0¢	148909
Last updated 15.33pm 04/06/2024 ?

USL (ASX) Chart