Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Historical silver prices
https://www.macrotrends.net/1470/historical-silver-prices-100-year-chart
Silver only outperformed for one period in the 80s when those two chaps tried to corner the entire market.
Other than that? It was a dead decade for Silver.
Recession also, but then again a pint of milk was less than 20p
Certainly but not about graphite or did I miss it ?Or the proposed mine area enlargement plans which never came to anything or even any other African ventures although that was, if I recall, the aim at one time. So it's silver and lead now. I'll look out for more news in the future. A very interesting RNS.
Wouldn't go to Tenerife if you paid me, too many chronic karaoke wailers for starters.
Less than $8.
What were spot silver prices like in 1984? that's an obvious point to consider
Silver Price was less than $2 per Oz in 1982... That might have something to do with it
Has anyone found out why the silver mine was closed in the 80's? There must have been an evaluation at the time that convinced the owners not to continue mining. That would make some interesting reading in 2024!
This is a useful source of revenue.
>>Certainly some like to nit pick here, imagine if you were on a jet to a holiday destination and were seated next to them. Fuc#ing nightmare. Funny how some like to bore on.
jamtart this is true but to offer a balanced view a silver mine is a departure from why most invested (graphite play / Tanzania / energy transition / EVs etc). The going on holiday equivalent would be you boarded a flight to Tenerife now you're landing in Thailand (making no value judgement on which holiday destination is better).
I'm reasonably bullish about the silver mine development because I believe it offers near term opportunity to progress while we wait for Blackrock to (hopefully) get their deal over the line and start building our rail/road/elec/infrastructure. And I think this project was chosen for near term potential, not something that's many years away. Lets see.
To most this sudden interest in a NA silver mine is a surprise and currently retail investors are in the dark about where why and how this change of direction has come about. Does it mean the board has lost confidence in mahenge? (MB only mentioned mahenge once in his commentary). What are we as retail investors investing in here generally - a graphite play, a sliver play, both, neither really? I cant comment further than this as its all conjecture. I am concerned about where funding for this new venture will come from however. On balance I am slightly bearish on the sliver play, but keeping an open mind.
Certainly some like to nit pick here, imagine if you were on a jet to a holiday destination and were seated next to them. Fuc#ing nightmare. Funny how some like to bore on.
Answer the questions you've been asked, RHT99.
These grades are phenomenal. Good job nobody listened to your garbage over the past few days.
Over 1,000 g/t AG grades?
I'll take that all day long.
Sorry Rover it was a typo :) Minimise dilution means in simple english: "i'm coming back for more of your cash, cos this baby is going to cost an arm and a leg". They will need to increase their stake in the project and also pay for the work to bring it to production. For those who remember the gold project and the graphite project in tanzania you will know in which direction we are heading.
Must start calling it Canyon Silver got Silver Canyon stuck in my head for some reason. Must be a mental image thing, a canyon made entirely of silver....if only!
Ruth, please don’t lie!
The actual quote from Matt.
The Board intends to minimise any further dilution to shareholders by building near term cashflow to fully realise long term production goals.
Https://miningdataonline.com/property/605/Lucky-Friday-Mine.aspx#Processing
Interesting data on the processing side:
Silver head grade around 400-500 g/t
5000koz+ estimated production in 2024 (silver, 10Moz equivalent means I assume 2x silver revenues from the other metals lead/zinc). So around $300m/annum annual revenue from Lucky Friday in 2024.
I guess as Silver Canyon is 'proven up' using modern methods what we'll be looking out for is how our grades, and quantities, compare to the above as it is likely to be a benchmark being one of the largest mines of its type in the area (and the world?)
Look on the bright side fellas, at least it is not "imminent".
MB also promising no further dilution, what could go wrong. Let's all pile in
Such a good investment No one has wanted it since 1984 l😆
It means "imminent"
*significant*
It may be old data, but does that make the grades any less sagnificant?
I’d still like to know how long ‘near term’ is ?
My concern is the statement
In 1984 four truckloads of hand sorted ore
Old data and hand picked!