I use to have holding in SVL and BML (called PMY then) during 2020. I sold a few oil stocks for losses during early 2020 to by SVL and BML because I believed silver was going to rise as the gold price was rising.
during 2020 Svl and BMl performed great, I averaged 250% across the two of them. After selling these two stocks I continued to research asx silver and gold companies.
specifically looking for a company with cheap ounces in the ground, that would not dilute itself like TMZ has, that has no permit risk, basically a leveraged play on silver price appreciation, as I am silver bull and plan on letting 70% of my shares go when silver hits $50.
I became obsessed with the silver and gold mining industry like a lot of you have no doubt.
imho there are only two asx developers that have extreme leverage to a silver price rise, without excessive permit risk.
IVR & USL Svl would be my third, but I have nearly all my eggs in IVR and USL, I’m in for 1.5m units at 7c
IVR Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held
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