"110 million x 32"
Yes but what is the cost of extraction and refining?
The Maronan ore reserve was outlined 4 years ago by RDM who have since been looking for a partner to develop it - no takers so far...
Is not yet economic but probably will be one day.
Don't forget that Maronan is primarily a Pb deposit - so it really needs the lead price to be in excess of US$1.00 / lb (currently about 82c.).
Leverage to a silver bull market, page-32
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