The silver in Admiral Bay has gone fron 5 billion worth to 5.8 billion over the weekend. I do understand 25g/ton is at the lower end of silver mines but still there are existing mines with even lower ratios. Extremely conservative figures estimate the total mine cost to be 2.3 billion leaving a profit of 3.5 billion in silver alone. There are only a few players that you could sell this to but at at a Mc less than 9million it is not a bad resource to have in your back pocket considering the silver resource might increase 5 fold in the coming year or two to around 30 billion. If I had a spare 100k I would wipe that .003 line. Personally I see Mct as a pretty good takeover target. Gltah, be nice to see this move up a pip or two.
MCT Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held