MKR 5.71% 3.7¢ manuka resources ltd.

I'd like to think I'm realistic/factual rather than negative but...

  1. 554 Posts.
    lightbulb Created with Sketch. 99
    I'd like to think I'm realistic/factual rather than negative but I take your point! wink.png

    If anything my last post was the most "positive" I'd been about the company in a while as I honestly didn't quite expect them to get to now (admittedly they've stopped paying down their debt which helped a lot).

    The 33% increase in grade you mention (75 to 100g/t Ag) only is valid as long as your recoveries stay the same, otherwise there is no realized benefit. After working at several operations over the years I have seen circuits be flooded by product which it can't handle, but I see this risk as low since the Manuka plant was designed for the Ag deposit.

    I wouldn't think the cost to process silver is any less than gold; the chemistry is the same; you're just replacing Au+ with Ag+. But you will have 25x the grade coming through the plant, so there will obviously be a much higher requirement for carbon (which is scarce at the moment thanks to Covid - I hope MKR have put their order in!!!) and stripping/pouring costs will also be higher. Swings and roundabouts...
 
watchlist Created with Sketch. Add MKR (ASX) to my watchlist
(20min delay)
Last
3.7¢
Change
0.002(5.71%)
Mkt cap ! $28.85M
Open High Low Value Volume
3.6¢ 3.7¢ 3.6¢ $19.71K 546.7K

Buyers (Bids)

No. Vol. Price($)
1 89484 3.6¢
 

Sellers (Offers)

Price($) Vol. No.
3.7¢ 2718 1
View Market Depth
Last trade - 16.10pm 13/09/2024 (20 minute delay) ?
MKR (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.