MKR 5.88% 3.2¢ manuka resources ltd.

GOLD/SILVER PRODUCER --HUGE upside Vs low CAP, page-69

  1. 6,171 Posts.
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    Thanks S.

    Debt is manageable at the current gold and silver prices. I don't think there is a risk of CR or otherwise here in the next 12 months if they achieve 22-24k oz.
    https://hotcopper.com.au/data/attachments/2337/2337219-4949c4ac69622762c9b2febbdc1ec35b.jpg
    LOM is the issue here and hazy beyond the 12 months. Mt Boppy ore-body is easy to interpret and I do like the low grade, low variability nature of assets like this.
    https://hotcopper.com.au/data/attachments/2337/2337273-3ceddcc4064854905c4e7e2869dbb4c7.jpg
    This asset is where the Moneyball numbers seems to be coming from... but its Ag. Ag tailwind is there at the moment but a big Ag slide then this may go in the way of the Cu Tritton story.
    https://hotcopper.com.au/data/attachments/2337/2337287-1c313a67763e10801b9e07017ae6b6c9.jpg
    Still a hold for me at the moment, letting this recent run up simmer a bit but definitely worth a speculative sh1ts and giggles amount...
    Last edited by Exised: 30/07/20
 
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