TSXV:AUN.H - Post by User
Comment by
uudamannon Dec 13, 2020 8:40pm
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Post# 32097005
RE:RE:RE:RE:Restart of RV confirmed, start-up funding finalized
RE:RE:RE:RE:Restart of RV confirmed, start-up funding finalized Subsequent to April 1984 (Post the Hunt brothers 10 year speculative disaster), silver declined far below $20/oz and had remained there plumbing sub $10/oz pricing for years. There was a brief, acute price spike to near $50/oz between July 2010 and Sept 2014, but that very narrow price spike sat between relatively broad price shoulders just above $20/oz . Recent price levels will not be sustained once world industrial production gains further traction post Covid-19. Silver's price fate will be further sealed by base metals beginning a sharp rise out of a 10 year doldrum. Watch copper, nickel and even iron.
If the Revenue mine begins operating in 2021, the first time in 120 years, they will discover the narrow veins have highly variable silver concentrations and are discontinuous.