Really great to see recognition of value in RDM. It has a...

Really great to see recognition of value in RDM. It has a majority stake in MMA with a very nice piece of metal, deep yes, but recent drilling suggests valuable ore in the shallows, and the potentially very valuable Rare Earths as a wild card.

Here is the relevant pricing of the Silver Developers with Australian based resources and listed on the ASX. There is a comparison to an overseas developer Discovery Silver FYI.

Note that each of these are in different stages of development. The most advanced are SVL and BML - both of which have completed DFS and have RESERVES. You need to look at all features and benefits of each company. The EV/Ag ounce and EV/Ag Eq ounce numbers provide a first pass comparison only. See the work of @PhillW for the more refined analysis by key project and resource quality.

IMHO all are cheap compared where the price of Silver is going.

How to read the chart?

Take RDM as an example - using the share price today and the resources (100%) declared, if you pay 11c per share you are paying in Enterprise value 52c per ounce of Ag (silver) and 15c per ounce of AgEq (Silver Equivalent) for the resources on an as is basis in the ground. There is a premium now over MMA that might be attributable to the other projects especially the Rare Earths - but it is tiny relative to where its value may end up.

All numbers are in AUD.

There are lots of different ways to measure the value of the shares. That is something each investor needs to study and research.