Mexico mines be out of mineable reserves in 4 years at current prices as world's current number one supplier. Military demand going to underwrite continued stock drawdown as is happening with copper. See Friedman's latest interviews on copper demand on Twitter - bullets and bombs. Collapsed base metals further constrain silver byproduct coming to market.
As Don Coxe would say 'when those who know the commodity best, love it least because they have been hurt the most ...' best case for sustainable bullish push. Of course no doubt futures prices controlled but this only strengthens the case for end users to looks to securing mine supply on equities markets. Distortion strengthens argument to be long silver equities as there aren't many pure plays with over 100mill oz reserves around.
Mexico mines be out of mineable reserves in 4 years at current...
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Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $286.5M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.0¢ | $1.987M | 10.30M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 19 | 1711121 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 20.0¢ | 2458865 | 26 |
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| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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19.0¢ |
Change
-0.005 ( 2.76 %) |
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| Open | High | Low | Volume | ||
| 19.5¢ | 20.0¢ | 19.0¢ | 2983101 | ||
| Last updated 16.11pm 17/05/2024 ? | |||||
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