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.
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.
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)
Just all factors pointed towards it being fairly priced currently (at current silver price levels) even with all the positive assumptions taken into account
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
Was looking at Manuka while back and was happy to find this thread, SLV resources they have seemed possibly promising but it's going no where good for awhile now at quick glance.PLS and BOE are pumping last few weeks congrats to anyone who bought In early
DRE was an obvious pop and I was dying for something else to pop so I could pivot into it but missed it
Anyone actually holding MKR still? One to watch once silver finally bottoms. Might be a buy around mid-year (would add ARD to that).
It's been on my watchlist awhile and could if they manage it properly be a decent play over time. Been watching Newcrest too be interesting if Newmont buys it out...be a huge global company combining resources
Agreed as long as they can pump up and promote more production, many factors uncertain in world at large but def will keep an eye out in coming mths
