Silver’s Compelling Investment Case (Ainslie), page-168

@mikey16
IVR's actually the cheapest of the lot atm on EV/silver only oz fully diluted basis - even at 3.1c. + its highest silver % of resource

this is from a post i did over the weekend that may help.

based on friday 17/7/20 close asx share prices + closing metal spot prices and usd/aud

Australian located projects

IVR (2.5c sp) 31c EV/ Silver only oz, 27c EV/ Silver equivalent oz (16.4Mt @ 96g/t Ag only, 110g/t Ag eq)

PMY (1.1c sp) 67c Ev/ Silver only oz, 17c EV/ Silver eqivalent oz (44.1Mt @ 38g/t Ag only, 149g/t Ag eq)

SVL (12c sp) 79c EV/ Silver only oz, 52c EV/ Silver equivalent oz (128Mt @ 40g/t Ag only, 60g/t Ag eq)

ARD (3.8c sp) 83c EV/ Silver only oz, 33c EV/ Silver equivalent oz (26Mt @ 40g/t Ag only, 102 g/t Ag eq)

Also worth considering but harder to evaluate ADT(multiple projects offshore), MYL (offshore), RDM (deeeep), ahem EQE (offshore + lols)

as @Uncledeuce points out - drill results could change any and all the above.

Though ARD atm is now over $1/EV silver oz - its actually a nickel/lead/ silver project as it stands

As @FiendishRedbeard points out - TSX/NYSE offers much deeper quality in silver plays if you invest offshore.