Best Silver Plays on the ASX

Discussion in 'Stocks & Derivatives' started by 1for1, May 17, 2020.

  1. SodaPop

    SodaPop Active Member

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    Does anyone here know how much it costs in 2021-2022 to open a 100-200m deep pit a kilometre long? Sounds kind of fun if you had a 100T excavator and a mate in a dump truck.
     
  2. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Manuka in a trading halt pending news of a CR:

     
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  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Share price has been steadily moving down over the past few months. Debt has been reduced thanks to the healthy gold sales but the company has announced that silver production is below initial expectations due to commissioning issues. It's expected that recoveries should deliver greater than 820 000 oz of Ag by the end of November. Gold recoveries were a shade above expectations.

    https://www.manukaresources.com.au/...fc-40e5-8bb9-640959deea98&[email protected]

    Was initially supposed to be mid-year.
     
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  4. heartastack

    heartastack Well-Known Member Silver Stacker

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    I decided not to buy in after doing more DD.. I recall that this is really just a leveraged Silver play and it's not going to do much until a ripper silver bull commences (i.e. not soon)
     
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Due to their debt levels?
     
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  6. heartastack

    heartastack Well-Known Member Silver Stacker

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    Just all factors pointed towards it being fairly priced currently (at current silver price levels) even with all the positive assumptions taken into account
     
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  7. Real $

    Real $ Active Member Silver Stacker

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    I'm late to the party but I like South32 as they produce decent amounts of silver thru Cannington and they're also diversified into battery/green energy materials like aluminium,nickel,copper and manganese which should profit long term. They're missing graphite and lithium but overall I like what the company represents. I also think big miners like bhp will profit from rising silver prices as tho it's not a staple they do benefit from by product mining and do gain from silver too. Silver's getting smashed again lately just imo I like diversified miners as they're more sources to benefit from and less downside when silver slumps...Like Pilbara a focused lithium miners down almost 20% today :( lol
     
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