Silver is going to be a in tremendous bull run over next one decade and I expect silver price to be conservatively at USD 24- 25 levels by end of 2018. Inferred silver resources are about 260- 270 million oz and the insitu ground value based on that price will be USD 6.5 billion and easily extractable as the mine has already run for around 90 years and the mine plans etc are easy to implement.
Mark Creasy does not enter stocks for five or six bags, he gets into stocks for fifty or 100 bags
Then we have large quantities of other metals running again into billions of US Dollars just like silver resources.
Myanmar Metals is a stock meant for patient LT investors who can hold the stock over next one decade. I expect some thing like 50 bags for such guys who can hold this stock for that kind of time.
MYL Price at posting:
6.6¢ Sentiment: Hold Disclosure: Held