MKR (ASX) is something finally happening ?

Originally posted by happybear45: ↑

I don't think I am "hoping" for 100g/t they just have a 10 million ounce silver resource rated at that, and another 40 million ounces that is lower but still not needing a price as high as you suggest to mine profitably in my opinion. They estimated they could mine that for 5-6 years and be profitable.

The stockpile they are mining now was rated at 72g/t . *IF* the numbers are like I have said and the latter part of the stockpile contains more ounces than the estimate then they should make a slight profit on it overall. Maybe MKR didn't understand the natural sluicing that occurs with a loose stockpile left out in the weather, especially in recent years with way above average rainfall. Or maybe they can't really know the actual impact until they mine it all anyhow. Provided the average of the stockpile is as indicated they should make a profit on it but we won't know until they process it all. The fact early recoveries were lower may have helped get more efficiency for when things turn around. Have to wait and see, but I expect we will be seeing recoveries compared to estimate over 100% in the current quarter due to this.

MKR put out a case in the IPO for decent profitability with silver price around $25 USD , both for stockpile and the mining. They weren't needing $50 silver to be profitable. For the stockpile they need around $27 AUD to be profitable at the ESTIMATED 72g/t and right now we are hovering around $31-33. So as long as these next months deliver what I expect in regards to ounces they will make a profit on it. They would have made a profit on it in the last quarter if what they processed was as estimated but it wasn't. You can either think that is due to poor ore or poor operating of the plant. I think it is the former because of what I know about how that stockpile would have sluiced itself given the time and abnormal rain.

Outside of certain things happening, like big drill news, TTR stuff, you wouldn't be investing in MKR if you thought silver price was staying around $20 US for a long time. That being said those events are not exactly unlikely, both could happen. But MKR are borderline at current prices prices on their large silver resource. The original crew got a crazy deal on Wonawinta, which was before COVID, before massive inflation. Their plant is worth at least 50% more now than when they purchased it. Along with their many mining claims in regions where other companies are drilling next to them and getting positive news, some of it indicating that MKRs claims are where larger deposits could be. Provided they can keep going with the plan and get more cash, whether through gold/silver or iron ore they will be well situated for the future in regards to mining and drilling.

But like you say things can become more negative, I have seen that plenty of times and it is quite common in small scale miners. And if a liquidity issue happens I think given their assets and claims they should do quite well in that event. A fair bit higher than current share price.

Expand

They also said they could process the silver for $35/ton after I posted the potential cost per ton on here would be higher than the return of silver out of the dumps. I was right hb45. They have been guessing with this from the start.
They even got double the amount of Au out of the mine and still couldn’t repay the debt and 3 CR since they began when none were forecast and $30 million in cash was the dream!
Step back and go back and read those Ann’s and put them against what has happened.

No.	Vol.	Price($)
4	19599	4.3¢

No.

Vol.

Price($)

19599

4.3¢

Price($)	Vol.	No.
4.5¢	108119	3

Price($)

Vol.

No.

4.5¢

108119

No.	Vol.	Price($)
4	19599	0.043
2	112000	0.042
3	24500	0.041
4	359749	0.040
2	52641	0.039

No.

Vol.

Price($)

19599

0.043

112000

0.042

24500

0.041

359749

0.040

52641

0.039

Price($)	Vol.	No.
0.045	108119	3
0.046	165000	3
0.047	60000	2
0.048	103554	3
0.049	4197	1

Price($)

Vol.

No.

0.045

108119

0.046

165000

0.047

60000

0.048

103554

0.049

4197

(20min delay)
Last 4.3¢		Change 0.001(2.38%)		Mkt cap ! $35.84M

Open	High	Low	Value	Volume
4.3¢	4.3¢	4.3¢	$2.497K	58.07K

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