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
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $137.2M |
Open | High | Low | Value | Volume |
9.5¢ | 9.8¢ | 9.1¢ | $255.1K | 2.739M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 133998 | 9.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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9.2¢ | 272000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 133998 | 0.091 |
19 | 939444 | 0.090 |
7 | 305218 | 0.089 |
4 | 263116 | 0.088 |
4 | 165980 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 272000 | 2 |
0.094 | 100000 | 1 |
0.095 | 107173 | 2 |
0.096 | 10000 | 1 |
0.097 | 200001 | 1 |
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