i think for those patient enough to wait 12 month this could return huge gains..
In 6 months time this company should be close to debt free with infrastructure and an unhedged silver resource totalling 50 million oz.. the infrastructure value is $120 mill alone, if you value the silver at just $1.50 then the market cap is already underpinned.
if they are about to produce at around $20 AUD again the current silver price this is $18 AUD in margin..
if silver goes back to $50 USD with the AUD at or around current rate we could see $60-70 AUD silver...
the potential margins here are absolutely massive and to the best of my knowledge we would be the only pure silver producer on the ASX.
if the above came to fruition this could be worth dollars a share
time will tell but definitely a risk vs reward investment for mine.
do your own research as the above is just my opinion
i bought a few more today
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GOLD/SILVER PRODUCER --HUGE upside Vs low CAP, page-146
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Last
4.0¢ |
Change
0.001(2.56%) |
Mkt cap ! $31.19M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.7¢ | $37.38K | 983.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 151909 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 183075 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 151909 | 0.036 |
1 | 14705 | 0.034 |
1 | 57875 | 0.032 |
1 | 35928 | 0.030 |
1 | 20689 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 183075 | 2 |
0.043 | 77777 | 1 |
0.044 | 160000 | 1 |
0.045 | 120000 | 1 |
0.046 | 77777 | 1 |
Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
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MKR (ASX) Chart |