SS1

7.32%

66.0¢ sun silver limited

Largest silver play ASX, page-73

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PhillW

3,026 Posts.

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18/05/24

09:03

Post #: 73890155
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Originally posted by PhillW: ↑

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 RATIOSVL = 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.

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Current metal prices for comparison in the above post.

SS1 Price at posting: 62.0¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
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
4	86243	0.640
2	86374	0.635
4	80376	0.630

Price($)	Vol.	No.
0.660	27125	2
0.665	1500	1
0.670	1564	1
0.675	38486	3
0.680	77497	2

Last trade - 16.10pm 30/08/2024 (20 minute delay)

SS1 (ASX) Chart

Largest silver play ASX, page-73

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Largest silver play ASX, page-73

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