PhilW and Jogo take a bow because you have both shown you clearly don't understand the silver fundamentals. The US market tonight has illustrated to the world that silver has been undervalued (and still is) compared to other commodities. Maverick Springs is all about economies of scale and having a bulk tonnage silver deposit will work in the long-term, especially as people realise the demand requirements and need for silver.
To put this into perspective, MS is equivalent to a 3.5-4.0Moz gold deposit at 1.0g/t, a project that would be mined by any major corporation in a Tier 1 jurisdiction like Nevada, WA or Canada... You can analyse the metrics on MS as much as you want but factually this is a major deposit, and as I have mentioned before just look at Rochester owned by Couer mining.
People are not factoring in the extremely undervalued nature of silver compared to other commodities. This underappreciation is like uranium on steroids and if you believe charts/technical analysts, silver breaking $30/oz US will be the next leg up to $35 in the short term and possibly $50/oz in the near-medium term. I suspect Monday will be a positive day for ASX Ag stocks as real FOMO kicks in and you should continue to see SS1 move towards its fair market valuation of a 125-150mil mkt cap company in the short-term. This isn't arm waving its peer comparison, and as someone who has followd/amalysed silver for 10-15 years take it or leave it.
GLTA
SS1 Price at posting:
62.0¢ Sentiment: Buy Disclosure: Held
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