SVL 4.55% 11.5¢ silver mines limited

Ann: Bowdens Silver Project Achieves Major Approvals Milestone, page-31

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  1. 2,203 Posts.
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    Way back in 2011 the SP of SVL was over $10 and I think it's going back there again...

    SVL's silver resource 2011 = 10.2 Moz Ag - Shares on issue = 167.2M fully diluted

    SVL's silver resource 2022 = 163 Moz Ag (VERY conservative and not taking into account latest drilling discoveries or GOLD) - Shares on issue = 1.29B fully diluted last time i checked

    So that's ~16x the silver ~7.7x the shares

    I won't say it will certainly reach $10 again, but I cant see a reason why it cannot do it - given a strong enough bid for silver stocks. the technical setting is actually in favour of it happening again in my view and especially now the company has been massively de-risked and soon to be producing. The average grade of silver discoveries globally has fallen significantly since 2000-2022. At the same time a number of Mexico's highest grade most prolific silver mines have been exhausted or they are not finding massive discoveries like they had in the past.

    I really can't see why $10 SVL is out of the question, especially given the amount of $$$ in the markets now, debt, defecits, rampant inflation compared to 2011 also. Throw in the mine approval and production on top and $10 SVL might even be cheap at some point.
 
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Last
11.5¢
Change
0.005(4.55%)
Mkt cap ! $173.4M
Open High Low Value Volume
10.5¢ 11.5¢ 10.5¢ $635.0K 5.858M

Buyers (Bids)

No. Vol. Price($)
7 507491 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 772626 7
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Last trade - 16.10pm 01/11/2024 (20 minute delay) ?
SVL (ASX) Chart
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