Silver stocks on the run, page-6

The only pure silver miner on the ASX is SVL......Its price has risen from 5 to 13c since July. Has a MC of $98m today.

Its DFS has a NPV of $143m with the silver price assumed at USD $21.50 and a initial capital cost of $246m. It does not have environmental approval or funding yet. It presently has bigger resources than Sorby and a higher silver content - compared to Sorby's FS with NPV of $243m.

Because of the higher silver content it has greater leverage to the silver price BUT it is a lot more costly to develop.

I see it is getting the weight of capital from its unique positioning as the ASX's only silver miner as the silver price rises.

When PMY is re-positioned as a silver miner we should expect more capital seeking a home. (A reminder - PMY acquired Sorby from the Receivers of KBL. KBL's PFS positioned Sorby as a Silver miner and KBL was a precious metal miner with another gold mine).

V