We are right at that resistance level (.014 - .016) from 2011-12, but I wouldn't be surprised if it rips right through it in the lead-up to the first pour of silver. Sellers were few on Friday, potential here for a re-rating higher. I would be surprised if MRV is still trading below 2c by production of the first concentrate (within 30 days) and I think we could easily see 3c+ before the end of the year.
"The Company will seek to recommission the existing Silver Room and expects to be in production of Silver Concentrate within 30 days from today. This production will only be commissioning quantities and gradual ramp up of production is expected between now and the end of January 2018. "
MRV Price at posting:
1.4¢ Sentiment: Buy Disclosure: Held