Not sure why I was singled out! Some people see what they want to see I suppose. I clearly showed the upside of SS1 at $50Ag & $3,000Au.
But to continue on with your constant wish to compare SS1 with SVL (Noting that I hold neither), well I will provide you with one very important metric that should be taken into consideration when comparing the two projects;
STRIP RATIO
SVL = 1.6:1
SS1 = 5.8:1
So on todays closing spot price, SVL has to move 2.6T of dirt to deliver A$119.84 worth of ore. SS1 has to move 6.8T of dirt to deliver $161.67 worth of ore. If we break those figures down into the valuation per ton of dirt moved then we get;
SS1 = $23.77/T
SVL = $46.09/T
So whilst SVL has the lower grades, it should considerably less mining costs of SS1.
Below is my spreadsheet with the latest peer comparison at this mornings closing spot prices. I have updated BML & MMA to include the shares from their respective capital raisings that are still in progress. MMA has one project but will be developed separately initially targeting the Pb/Ag resource. They intend starting on the Pb/Ag resource which wraps around the Cu/Au resource.
One metric I look at is the metal value per MRE ton and then separate into open pit or underground operations.
The second spreadsheet shows the respective upside using future prices of USD $50oz Ag, $3,000oz Au, $2,450/T Pb, $3,350/T Zn & $6/lb Cu. For comparison of metal value per MRE ton between present and future.
IMO, an apples-to-apples comparison for SS1 would be with ABRA, MMC (small resource) and maybe USL.
- Forums
- ASX - By Stock
- SS1
- Largest silver play ASX
Largest silver play ASX, page-72
-
- There are more pages in this discussion • 80 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SS1 (ASX) to my watchlist
|
|||||
Last
66.0¢ |
Change
0.045(7.32%) |
Mkt cap ! $45.98M |
Open | High | Low | Value | Volume |
62.5¢ | 67.0¢ | 61.0¢ | $1.000M | 1.553M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 46996 | 65.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
66.0¢ | 27125 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 46996 | 0.650 |
2 | 53846 | 0.645 |
1 | 78650 | 0.640 |
1 | 7874 | 0.635 |
3 | 64376 | 0.630 |
Price($) | Vol. | No. |
---|---|---|
0.660 | 27125 | 2 |
0.665 | 1500 | 1 |
0.675 | 38236 | 2 |
0.680 | 77497 | 2 |
0.685 | 250 | 1 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
SS1 (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online