For those investors interested only in SILVER Developers with...

For those investors interested only in SILVER Developers with reserves here is a price of entry comparison chart.

Of the Australian resourced developers shown only BML and SVL have any reserves as both have completed DFS and are on a path to mining. The Reserves for Ag (silver) and Ag Eq (Silver/lead/zinc/gold) are shown along with the Enterprise Value per Ag and Ag Eq based on yesterdays share and commodity prices.

Based on yesterdays share prices -

• You pay $0.64 per ounce of Silver for BML and $3.03 per ounce for SVL ($0.94c for DSV)
• You pay $0.17 per ounce of Silver Equivalent for BML and $2.23 per ounce for SVL ($0.36c for DSV)

All numbers are in AUD.

As always DYOR, but be sure to look at the numbers and do not just go with emotion. BML in 2020 responded very well with the moves in the Silver price moving 12X (times), which was greater than any other silver developer in Australia. Numbers are important. Buy price is very important.

ARD, IVR, RDM and MMA do not have any RESERVES as they are all further behind in their timetables to production. (DSV Discovery Silver is a Mexican based silver developer shown for comparison purposes as there are limited Australian developer comparables).

MKR is as producer, and does not have any reserves. ADT and KCN are resourced outside Australia.