You mean the whole deposit or the 10M they think is "over" 100g/t ? From what I can see MKR will be mining for ~5 years, probably 6 or 7 years as I expect they'll find enough around 100g/t *IF* silver price stays the same as now. Which to me seems highly unlikely I think it will double or triple within a year easily, and maybe x6 if the silver squeeze event happens. So the whole deposit will likely be feasible if silver is around 50USD, and will make a LOT of money if 100-200 USD per ounce.
But I don't like looking out more than one year when it comes to anything right now, let alone 5-10 years and it seems MKR is at least set on a path to see them pay off all their debt and have some money in the bank in this 1 year time frame. Not a great reason to invest in them IMO as that should just see share price go to 60c at best within a year and more likely 45-50c. If silver looks like its hitting 50 USD then I expect stock price to be around $1.20 to $1.80 rather quickly. With silver @ 50USD/oz theyll be making $30M/year profit which is nearly half their current market cap. Rather insane. And silver higher than $100 USD we'll be seeing those x10-x30 stock price numbers I believe.
The stocks that multiply the best are the ones with the best stories and MKR will have the best story out of any related stock on the ASX in this higher silver event.
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MKR
manuka resources ltd.
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3.7¢

You mean the whole deposit or the 10M they think is "over"...
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $30.84M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.7¢ | $6.774K | 175.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 347888 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 30000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 347888 | 0.036 |
2 | 135709 | 0.033 |
2 | 8187 | 0.032 |
1 | 700000 | 0.030 |
2 | 30000 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 30000 | 1 |
0.045 | 101137 | 1 |
0.046 | 26886 | 2 |
0.047 | 333133 | 1 |
0.048 | 77777 | 1 |
Last trade - 16.10pm 19/06/2025 (20 minute delay) ? |
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RESOLUTION MINERALS LTD
Craig Lindsay, In-Country CEO
Craig Lindsay
In-Country CEO
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