MKR manuka resources ltd.

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-26

  1. 3,102 Posts.
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    Nice input. Do you believe MKR lied on their IPO when they stated 10M oz of silver over 100g/t ? Do you have a link to the specific COBAR announcement where the 75g/t material turned into 100g/t ? I haven't deep dived on the location of that 10Moz resource within Wonawinta so maybe it is hard to get to compared to the other stuff? But MKR have stated the following multiple times they will move onto the 100g/t material after the existing stockpile is gone.

    "Over 10m oz of the total 52m oz resource grades over 100g/t Ag. MKR intends to upgrade the silver oxide resource at Wonawinta to re-establish reserve and increase oxide resource. Of critical importance to MKR is the fact that the silver oxide ores are extremely soft and provide greater throughput in the mill. To elaborate, MKR can process 2.4 times the silver oxides through the plant as compared to the
    Mt Boppy gold ores"

    Either way I think it is not really that important because silver price should be over double what it is now for 2022 avg. But for my own research it would be good to have a deeper look into it.
 
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Last
4.4¢
Change
0.002(4.76%)
Mkt cap ! $35.84M
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4.2¢ 4.5¢ 4.2¢ $35.76K 816.2K

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