Leverage is what I'm pursuing, as to maximize returns in this next leg in silver
This next junior is growing one of the world's largest and highest grade silver deposits
The project has a massive resource and according to the PEA, a 4x leverage on the price of silver
/1
This next junior is growing one of the world's largest and highest grade silver deposits
The project has a massive resource and according to the PEA, a 4x leverage on the price of silver
/1
Southern Silver Exploration is working on the Cerro Las Minitas project in the mining friendly state of Durango
$SSV.V
@Southern_Silver
The project has a significant resource base consisting of 335Moz silver equivalent grading ~330g/t
Valued very cheap compared to peers
/2
$SSV.V
@Southern_Silver
The project has a significant resource base consisting of 335Moz silver equivalent grading ~330g/t
Valued very cheap compared to peers
/2
According to the PEA, the project has a 15y minelife (AISC $13.27/oz) with an after tax NPV5 of $349M using $22/oz silver as base case
Adding 15% to that base case ($25.22/oz) translates into a $561M after tax NPV5
➡️+61% compared to base case
Or X4 leverage to silver!
/3
Adding 15% to that base case ($25.22/oz) translates into a $561M after tax NPV5
➡️+61% compared to base case
Or X4 leverage to silver!
/3
The project is surrounded by producing mines and good infrastructure in place
Two federal highways, a railroad and power lines, all crossing the project
70km from Durango city and a 10min drive to closest town that has supportive community
Great from a risk point of view
/4
Two federal highways, a railroad and power lines, all crossing the project
70km from Durango city and a 10min drive to closest town that has supportive community
Great from a risk point of view
/4
We'll get an update on the resource this quarter, as a lot of drilling has happened since the last RE
This update will be used to upsize the already massive PEA
Pretty crazy to think the enterprise value here is about 1/10th of current NPV, which is set to grow still
/5
This update will be used to upsize the already massive PEA
Pretty crazy to think the enterprise value here is about 1/10th of current NPV, which is set to grow still
/5
Then there's the US assets just across the border
Oro is a porphyry target, where mineralisation consists of gold, copper and molybdenum
SSV is currently doing a 4,000m deep drill program with results pending
Hermanas is a fresh addition looking to get drilled this year
/6
Oro is a porphyry target, where mineralisation consists of gold, copper and molybdenum
SSV is currently doing a 4,000m deep drill program with results pending
Hermanas is a fresh addition looking to get drilled this year
/6
A lot going on this year
Drilling on existing and new targets, potentially leading to discoveries
An upgrade to their already mispriced flagship project, providing high silver leverage
They're is cashed up with $7M, ready for a sharp revaluation as derisking continues
/end
Drilling on existing and new targets, potentially leading to discoveries
An upgrade to their already mispriced flagship project, providing high silver leverage
They're is cashed up with $7M, ready for a sharp revaluation as derisking continues
/end
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Cheers, GV
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