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.
MRP Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
