For 2020 year to date, silver price gains have lagged gold, but more recently the gold / silver ratio is narrowing (currently 1oz gold = 84oz silver). Spot silver is up 25% month to date at US$23/oz. While there are +150 ASX listed gold stocks, there are very few companies which offer exposure to silver. Myanmar Metals’ (MYL) Bawdwin Project (51% MYL) is the 10th largest deposit globally by contained silver with a high-grade resource of 100Mt @ 3.1oz/t Ag, 5.9% Zn+Pb and 0.2% Cu for ~+300Moz contained silver. MYL is in advanced stages of attaining the approvals from the Myanmar Investment Commission (MIC), to enable the Company to develop of the project as a majority owner. We see this approval as a major de-risking and value adding milestone for the Company.
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