in my bones i believe this will be the mother of all silver super cycles - similar to those of 2-3 centuries ago
its a unique period where copper production is falling - so silver byproduction will fall - at same time as gold is likely to rise considerably
that confluence is very likely going to see silver price hit $us30d/oz plus in my view - and obviously peak could be much much higher
and mesa del plaza will go from a runt to a mainstream moderate sized silver project - simply because there are so few others
silver is primarily dirven as a gold proxy - but the highgradign at copper mines will mean silver for industrial use will become quite hard to get
so i believe primary silver projects will have a rare window of viability
i was right about us real estate in early 2012. right about sydney property at end 2012. right about chinese equities in sept 2014.
ideally i will be right here again
my entire liquid cash investment is in gold and silver -barring 9% in eden energy.
lets see how the chips falls
but im going the 20 to 1 shot. because my economics training - which is now like intuition - is telling me this will be a big payoff
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16.3¢ |
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Mkt cap ! $245.0M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.0¢ | $378.7K | 2.338M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
38 | 1293567 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 784437 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
39 | 1303567 | 0.160 |
31 | 2014689 | 0.155 |
49 | 1989320 | 0.150 |
19 | 1066497 | 0.145 |
17 | 930419 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 784436 | 23 |
0.170 | 1448647 | 21 |
0.175 | 2693779 | 21 |
0.180 | 2308229 | 23 |
0.185 | 984618 | 11 |
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