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.
To access the full report please log in under the Client Area at the bottom of this page.
Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.
If you would like to access our research please contact us to create an account.
