MKR manuka resources ltd.

You can look back at projections here and feel warm and fuzzy...

  1. 4,722 Posts.
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    You can look back at projections here and feel warm and fuzzy but you have a significant advantage of looking right now at actual costs and they will make big losses @Ag$25/oz
    Look at what they do/ing, not what they said.
    Ag @ 70g/t is currently about $80/ton
    Au @ 2.8gm/t (they say that’s their feed ore) is about $212 and that is marginal
    Even if recovery is 90% which is well above what they are doing now it’s about $70/t so It will be a significant loss unless they can cut costs.
    That is the dumps the resource is a lower grade.
    Having a view on PMs future value is a choice people can make but it needs to be US$71/oz before it’s making the same money as what the Au production currently is, and that is barely making it.

    Here’s a quote that has reflected on a lot of commodity’s over the years.
    ”the solution to high prices is high prices”

    Last edited by GT55: 02/08/21
 
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