JP Morgan covers silver short

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.