MKR manuka resources ltd.

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4.6¢

I must apologise as my assumption that the lead credits were...

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PhillW

3,170 Posts.

1267

01/02/23

10:11

Post #: 65998020
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Originally posted by PhillW: ↑

Sorry, I hate people down ramping stocks that they do not own but had to comment here. Yes, I have been following this one for a while and never pushed the button to buy stock. Maybe they need a new MD to change the companies thinking. In day's gone past it was normally a given to have a market announcement well before the quarterly if production targets were going to vary by a significant amount. This after 4PM quarterly release on the last reporting day I find repugnant.

I have just gone through the last presentation where they trumpeted 2M oz AG production per year with a 1.1Mtpa mill. The resource being reported is 38mt @ 41gpt AG. I can't for the life of me calculate 41gpt (1.32oz per tonne) AG at 1.1mtpa throughput and arrive at the production target of 2M oz of AG. I do get 1.45moz with a 100% recovery rate though and revenue on that is circa AUD $50M at today's AUD silver price of $34oz. The lead credits are miniscule.

This mobs best bet is to cease production, raise enough cash to drill the crap out of Wonawinta below 70m and hope to find higher grade silver and/or lead to make this a great operation. Their current method of trying to raise surplus cash after mining campaigns is not working. All I can see is increasing debt and bugger all drilling going on below the current Wonawinta pit. Something needs to change.

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I must apologise as my assumption that the lead credits were miniscule was wrong. The lead credits assuming a 75% recovery rate would add $12M revenue to MKR.

With the lead credits using MKR's targeted 75% recovery rates the production of 1.1Mtpa would amount to 1.42Moz silver equivalent ounces and the cash generated would be AUD $48M revenue.

The million-dollar question is with current inflationary pressures in the mining industry, is $48M revenue enough to cover production & corporate costs and pay off debt and more importantly drill Wonawinta below 70M and maintain exploration at Boppy?
.

MKR Price at posting: 9.9¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 4.6¢		Change 0.000(0.00%)		Mkt cap ! $38.34M

Open	High	Low	Value	Volume
4.6¢	4.7¢	4.6¢	$47.96K	1.041M

Buyers (Bids)

No.	Vol.	Price($)
2	88832	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	356765	7

View Market Depth

No.	Vol.	Price($)
2	88832	0.046
3	554142	0.045
8	881021	0.044
1	12000	0.042
2	77500	0.041

Price($)	Vol.	No.
0.047	96765	2
0.048	175989	4
0.049	204197	2
0.050	200000	1
0.051	77777	1

Last trade - 15.29pm 25/07/2025 (20 minute delay)

MKR (ASX) Chart

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