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2.86%

3.6¢ manuka resources ltd.

GOLD/SILVER PRODUCER --HUGE upside Vs low CAP, page-147

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Arthur A

2,580 Posts.

252

06/08/20

20:44

Post #: 46360197
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Originally posted by Nietoperz88: ↑

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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Yes, have always looked at this in terms of holding 2-5 years. Out of the gates and up up and away....Much depends on exploration hits long term.

MKR Price at posting: 58.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.6¢		Change 0.001(2.86%)		Mkt cap ! $28.07M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.6¢	$14.02K	389.6K

Buyers (Bids)

No.	Vol.	Price($)
4	169175	3.4¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	89898	2

View Market Depth

No.	Vol.	Price($)
4	169175	0.034
1	164019	0.033
2	139274	0.031
1	152611	0.030
3	166377	0.029

Price($)	Vol.	No.
0.036	89898	2
0.038	83781	2
0.039	48694	2
0.040	486322	5
0.047	70000	1

Last trade - 11.14am 13/09/2024 (20 minute delay)

MKR (ASX) Chart