ASX silver miner stocks, page-156

First 156 Last

Share
Profile

Follow
unlucky_bacs

6,321 Posts.

110

01/02/21

02:02

Post #: 50590954
Share

Originally posted by goldbear77: ↑

mmm... ok - im wondering how to explain optionality in a way people will get

ARD - none that I can immediately see. This is the sole stock I currently see no redeeming features thereof. But as always - drilling can change everything.

IVR - great grade so potential for low capex high earnings in a short time frame - with a big first year production ramp. Still a bit small but getting there. Will suffer from ~100% silver volatility as its entirely silver - so likely have to hedge 50%+ of first 2+ years production to get mine finance though. very high grade so catnip for traders and retail. I always expect IVR to be the 100m sprinter stock price wise

BML - uses lead as cost base so can produce silver with zero hedging - which is rare and highly desired. Highest metal value/tonne at most 'reasonable' metal price assumptions. Has the best exploration history of any with the widest expanse of new ground plus depth,. SEDEX style deposit - these host the largest lead/silver/zinc systems in the world. I;d judge it the best 'risk weighted' of the silver developers at present. This one is the most probable to be a mine at present - the most 'investment grade'

KCN - possibly super cheap - if Thai gov compensates or returns ownenship of Chatree at close to fair value. Nueva Esperanza strong added exploration upside and fairly low strip ratio that offsets relatively low grade. gold/silver so deserves a PM premium.

SVL - the mathematical super soldier. Super llarge low grade silver dominant resource at super low strip ratio - so the higher you assume silver will go for longer - the better SVL earnings would theoretically be. Likely a takeover target - would be surprised if current mgt wish to operationalse as its metallurgically tricky, super timing prone etc. But a great on-market play If it actually got operationalised would face similar hedging demands to IVR.

MYL - best in breed, mineral economics-wise. Easily the best project on 100% basis up down or sideways. the problem - sovereign risk. Dig deep before getting into this one

hope that helps

Expand

what about mkr ?
2 Upvote

0 Great analysis

Reply

Top Stories

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

The iron ore comeback: Can it last?

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

HAS

Hastings progressing Yangibana to production with lower costs

ZNC

Zenith's sale of Develin Creek delivers $975K cash, with shares up 13%