I belief that Richard needs to contact Kristie and advise her that MMA exists. I'm not sure how knowledgeable she is making uninformed comments like the one below. She like many others, believe that silver equivalent ounces actually increase at higher commodity prices. The below excerpt is from the below article where she is doing her best to promote SS1.
The fact of the matter is that it actually falls UNLESS silver underperforms the other metals making up a company's resource. Noting that this is a bullish article about silver, she obviously is unaware. As I have stated earlier in this thread, the only way the silver equivalent ounces do not fall for silver miners is if their resource is 100% silver. The companies with a higher silver resource as a percentage of their entire resource will see the greatest upside on a percentage basis in comparison to their current value than companies with a lower silver resource as a percentage of their resource. We are talking percentages here.
One proviso to the above statement is my belief that copper, like it just did between Feb to May, may keep pace with silver on a percentage basis in the future. I believe that copper could trade at $6/lb when silver trades at $50. That is extremely bullish for MMA.
Another thing I do not understand is how IVR can claim in all of their presentations that they are the highest grade undeveloped silver project in Australia! Can they do this because MMA's resource is only inferred or are they telling big porkies?
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