Silver looks to be breaking out - According to market participants, JP Morgans dominant short position has been unwound, we should see a sustained rally in the spot price. (COMEX Data)
Not going into the specifics, but using currentAUD/USD rates and conservative capex and production guidance, MRP should be worth 63c per share. (FY16-18) number and based on current reserves and a mine life of 5.5 years. (again conservative)
I didnt include the gold and zinc either, nor the results of the 3km of completed drilling either...
Im buying, time to top this one up for the rally.
Happy hunting.
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