MTB
3.3 million ounces of silver is a substantial amount! Let’s break it down:
- Weight of Silver: If we consider each ounce of silver, it weighs approximately 28.35 grams (since 1 troy ounce is equivalent to 31.1035 grams). Therefore, 3.3 million ounces of silver would weigh approximately:
[ \text{Weight of silver} = 3.3 \times 10^6 , \text{ounces} \times 28.35 , \text{grams/ounce} = 93,555,000 , \text{grams} ]- Value of Silver: The value of silver fluctuates based on market prices. As of now, let’s assume a conservative estimate of $25 per troy ounce1. Using this value, the total value of 3.3 million ounces of silver would be:
[ \text{Value of silver} = 3.3 \times 10^6 , \text{ounces} \times $25/\text{ounce} = $82,500,000 ]
Silver vs. Gold: Although often considered gold’s “poorer cousin,” silver shares a positive correlation with gold prices, albeit with a lag. As gold performs well, silver tends to follow suit
MTB 2m Mkt cap .002c
Market will wake up, upside is enormous
+ Gallium & Germanium
The Kihabe and Nxuu deposits together hold indicated and inferred 2004 JORC compliant resources totaling 25 million tonnes with 3% Zn/Pb and approximately 3.3 million ounces of Silver at Kihabe
- Zinc
- Lead
- Copper
- Silver
- Vanadium
- Gallium
- Germanium
- Forums
- ASX - By Stock
- MTB
- MTB-silver-3-3-million-ozs-2m-mkt-cap.
MTB-silver-3-3-million-ozs-2m-mkt-cap.
-
- There are more pages in this discussion • 56 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add MTB (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.947M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 55683760 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 22615408 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 55683760 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 22215408 | 9 |
0.003 | 9424034 | 11 |
0.004 | 8597931 | 14 |
0.005 | 6494426 | 5 |
0.006 | 2250000 | 5 |
Last trade - 16.12pm 23/08/2024 (20 minute delay) ? |
MTB (ASX) Chart |
Day chart unavailable
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online