ivr is a sprinter - cos its v cheap EV/silver only oz compared to everything else on asx - even at current various sps - and highest % silver
pmy is a thoroughbred stayer - much more economic because its higher metal grade and much larger resource.
but it has to fight through a lot of churn becuse its such a bloated issue base
every morning the hot money punts the purest cheapest silvers higher by most % - and then during the day the pros look at their spreadsheets and work out what is the best exposure and start moving in accordingly
both are far better value than svl for now
when you now silver is going to be +$US50 silver forever then ivr starts to become as attractive as PMY and at around $US60 svl starts showing real leg
myl and pmy are the ones real instos will look at because of their scale if svl's low grade or silver reliance is a turn off
there is no "perfect" high grade, silver primary, tier one resource with low sovereign risk on the asx - each has their merits and attracts different types of money.
myl is easily the best resource and theoretic value - but the sovereign risk is high - as is likely need to fund 100% of capex
myanmar govt owns 49% and govts generally wont fund - just give you a capital recoupment holiday once you pay the whole freight to get thing built (then turn round and rob you by increasing tax)
IVR Price at posting:
3.3¢ Sentiment: Buy Disclosure: Held
