Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-23

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goldbear77

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02/08/21

13:41

Post #: 54962610
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Originally posted by goldbear77: ↑

except its a historically low price for gold and silver relative to most other asset classes

the gold/dow ratio has rarely been lower and the global commodity index is still in the lowest tercile its been in 20+ years

which isnt to say they cant fall from here - but it does suggest the probabilities are both gold and silver prices will rise from here on a trend basis

in 2013 wonawinta was expected to have a $25aud silver only cash cost to produce 1.3Moz. dont know the head grade.

Currently we're at ~$35aud silver

but my view is - you only ever want to own any PM miner exposures if you think the PM trend is sideways or up

id see your point if it was trading high value vs its tandible asset base - like SVL, IVR etc

but mkr is already heavily discounted precisely because of the concern you have - and its actually cashflow positive currently. The others are negative

svl is a 40g/t resource requiring $400m+ capex to get up - so unless you are opining on it, ard, ivr - Im not clear what is triggering this thought process on the specific stock?

if you think mkr is marginal here - you just shouldnt hold it and youd have to sell at speed stocks like slr, ivr, svl, ard etc

because they would be far more marginal than mkr and vulnberable from a valuation/sp perspective

SVL is $230M mkt cap - largely on institutional buying of the resource value.

resource valuation is not understood by retail generally - they do not know how its priced.

ARD is $40M mkt cap - with 33Moz at 38g/tAg and some zinc

but i do agree understanding reversion and cashflow risk are important. just not to this stock solely

Expand

svl actually ~$280m mkt cap

dow gold ratio - higher it is - cheaper gold is vs stocks on relative basis

global commodity index - and that index usually rises above its former highs every 20 year cycle because prices have to rise as low cost production gets utilised and so average grades go lower - mining/production costs rise

MKR Price at posting: 29.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.4¢		Change -0.003(8.11%)		Mkt cap ! $25.91M

Open	High	Low	Value	Volume
3.7¢	3.7¢	3.4¢	$27.35K	787.4K

Buyers (Bids)

No.	Vol.	Price($)
2	128999	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	17250	1

View Market Depth

No.	Vol.	Price($)
2	128999	0.034
1	500	0.033
1	5000	0.031
4	271152	0.030
1	41708	0.024

Price($)	Vol.	No.
0.038	17250	1
0.039	442823	3
0.040	546938	1
0.041	224095	2
0.042	238095	1

Last trade - 16.10pm 15/07/2024 (20 minute delay)

MKR (ASX) Chart

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Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-23

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