Eloro releases inferred estimate containing 1.15 billion oz. silver equivalent
The potentially open pittable inferred resource is 541 million tonnes at 0.69% zinc, 0.28% lead, and 13.6 grams silver per tonne for an NSR value of $20.32 per tonne.
Shrinking exchange stocks should be a bullish price signal. Right now, however, macro is trumping micro as Western recession fears pummel the industrial metals complex.
In a paper published in the journal Earth's Future, scientists point out that previous studies have not addressed two important factors which has led to misguided estimations and assumptions.