for interest.
where studies havent been done i've used my 50/70 rule and industry metwork averages to fill in the blanks on what each project currently looks like in terms of implied Silver/Silver eq operating revenue leverage.
studies always override theory - and higher silver goes vs lead + zinc the more Silver eq derates vs Silver
For ARD and IVR I've been unable to find proof of lead/silver concentrate done at such low grades. So those numbers might change slightly if metwork concluded it was cost effective to include such a capture. IVR may need to produce a dore.
also bear in mind it uses avg resource grades for those projects without studies - the grades should increase a little in any actual mineable reserve
costs are just as important - but with a view to a hopefully long metal bull market I wanted to know what kind of revenue leverage each project likely offers on an avg basis
as always - dyor
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