EVG 0.00% 3.1¢ evion group nl

silver at las lagunas

  1. 603 Posts.
    Don't forget about the Silver at Las Lagunas.

    The tailings damn their contains 6,378,000 oz Ag

    Which is starting to look like it's worth a decent amount with silver at $48 (at this very moment) and on the rise. This silver could be significant if the price keeps rising

    At $48 x 6,378,000 = $306,144,000
    At $60 x 6,378,000 = $382,680,000
    At $80 x 6,378,000 = $510,240,000

    And just for fun haha - fairly optimistic, though I've seen some people predict this is possible, if silver returns to it's natural ratio of 15:1 with gold
    At $100 x 6,378,000 = $637,800,000 !!

    Obviously these figures are not taking into account any capital and operating costs.
 
watchlist Created with Sketch. Add EVG (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.