That is funny. The ratio was 17:1 in 1980
At the peak of the last precious metals boom in 1980 the ratio had narrowed to 17
The ratio stood between 10:1 and 13.5:1 two thousand,five hundred years ago when silver was far more plentiful to gold and both were coins and forms of money.
Let's go by the recent charts and what they say for both gold and silver:
We have 2 potential targets for this gold bull market, $5000-$6000 by 2028, and if the XAU/SPX ratio doesn’t break down at that point, something close to $15,000.
$6000 gold would give us $125-158 Silver. At $15,000 Gold, it gives us $312-$395 Silver
None of this means anything when it comes to MMG as their success will come through the drill bit.
Keno with what should be now 20 million oz of silver and La Plata with 1.2 Billion pounds copper and another 18 million oz of silver brought the share price to thirteen cents.
Keno is to be used to monetize the drilling of LP but that also hinges upon whether MMG can strike a deal for Formo and/or Keno.
Essentially, MMG shareholders are looking for management to forward LP with or without the sale of Keno by not diluting us out.
The gold-silver ratio and the price of metals have become fairly irrelevant to MMG shareholders up to this point in time.