This is a key factor right now. The reason TTR was so cheap to purchase is because the "perception" right now is it won't get started. The economics of extraction of the resource are insanely good, which is why they want to label it "green" so badly to cash in on that marketing. And even if you double their estimated costs the profit ratio is very good. Making over $1B a year with 100M - 200M in costs.
How much do we all think it would be worth if there was approval to mine right now ? Easily 200M, but probably more likely 400M. Of course it is a risk as we see it right now, but all of us here in MKR already took a big risk because we expected silver to rise. Don't we love a bit of risk?
If that combo of high silver prices and mineral sands go ahead hit at the same time our old expectations of a 10x could be blown out of the window.
MKR Price at posting:
18.5¢ Sentiment: None Disclosure: Held
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