I thought I would conduct an exercise aimed to show the difference between the different silver projects I follow. I have made a comparison between the projects using todays spot prices compared to spot prices that could be seen over the next 12 to 18 months. I think that this may come at a shock to a few but what it shows is that the higher the total project as a percentage is made up of silver, the greater the upside.
I have used the following forward-looking pricing. I am not as bullish on lead because Quinton Hennigh (Crescat Capital) does not go on about it and the fact that worlds annual supply as a percentage from recycling has been increasing for a number of years which I believe is because lead is losing market share to other battery technologies. Recycling accounts for over 50% of lead annual supply and the lead stockpiles have reached a decade high.
Silver $50
Gold $3,000
Lead 2,450 (+10%)
Zinc 3,350(+15%)
Copper $6/lb (+30%)
I thought I would conduct an exercise aimed to show the...
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