Analysis below highlights near term catalyst for Manuka Resources MKR
Wonawinta contains total JORC compliant resources of 38.8 million tonnes at 42 g/t silver for 52.4 million ounces.Within this is a higher grade component of 4.5 million tonnes at 97 g/t silver for 14 million ounces.
It is Wonawinta to which Bentley attributes the bulk of Manuka’s value. It is also the asset that makes the company stand out as an investment option.
“MKR provides the ASX’s only direct exposure to genuine near-term silver production and presents a rare investment opportunity,” Bentley said.
“The silver market, although volatile, has improving fundamentals stemming from increased industrial demand and investment appeal.”
MST Access has modelled an initial five years of production from the Wonawinta oxide project delivering 2-2.5 million ounces of silver a year at a cash cost of $16 an ounce starting from the second half of 2021.
https://unauthorised investment advice/resources/manukas-rare-gold-and-silver-exposure-seriously-undervalued-report/
