ARD 10.0% 1.7¢ argent minerals limited

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  1. 430 Posts.
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    Around 10M tonnes at 2oz/t Ag ~$60/t resource value.
    Nothing outstanding even before you do the reserve conversion.
    Throw in the sulphide base metals (6M tonnes incl.) & you can add another $60/t.
    Gold equivalent of $120 approx. 3g dirt.
    The proofs in the resource/reserve conversion then a fair whack for a 1.2Mtpa mill capable of the flotation & multiple cons. Allow $150-200M for that!
    Plenty of water to go under this bridge folks. Still looks in the black somewhere around NPV$50M I would guess. The market is right to be cautious.

    Hardrock.
 
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Mkt cap ! $23.82M
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1.6¢ 1.7¢ 1.6¢ $18.23K 1.140M

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1.7¢ 2100612 7
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