Silver supply crunch8 Aug 2024 09:50
From the link.
In a stark projection, industry experts warn that silver inventories are on the brink of depletion by 2025, driven by surging industrial demand. This development could have far-reaching implications for markets, investors, and industries reliant on the precious metal.
Declining Mining and Few New Discoveries
Mining Challenges: Compounding the issue is the declining output from silver mines. Existing mines are producing less silver, and there are few significant new discoveries to replenish the depleting inventories.
Exploration Difficulties:
The exploration of new silver deposits is becoming increasingly difficult and costly. As high-quality ores become scarcer, mining companies face challenges in maintaining production levels.
From the recent RNS update:
We continue to see new and negotiate on other significant opportunities, including those which can be brought into production relatively quickly. The recent fundraise will enable these activities while we progress Igli. We look forward to updating shareholders as Phase 1 progresses over the coming weeks and months."
Note PRODUCTION & QUICKLY
I have a feeling CMRS already have something lined up in response to the info in this article in the Jerusalem Post. And out anchor investor " have a strong mining network, including potential co-investors across the GCC and north Africa."
Note GCC Gulf Cooperation Council. Its the Rothschild connections kicking in!
This is all coming together very nicely with monster silver grades of 912 g/t at Igli and its still under £1m mcap. What CMRS has shown is that it can pick up world class assets for peanuts - maybe the next one may wake up the market that currently seems to have done no or little analysis of the company
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